Expecting 15% upside for markets: Tirthankar Patnaik
We have maintained that we are reaching 8000 by the end of the year. It is going to probably happen in this expiry itself, says Tirthankar Patnaik.
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In a chat with ET Now, Tirthankar Patnaik, Religare Capital Markets, shares his view on markets.
ET Now: The ring of a new high, it is always a nice ring but for the moment, it looks like it is a routine ring.
Tirthankar Patnaik: We expect 15% upside for the markets and looking at 9000 plus for Nifty.
We have maintained that we are reaching 8000 by the end of the year. It is going to probably happen in this expiry itself. If the market does move up from here, surely, there will be upside surprise. Valuations are not rich.
ET Now: The ring of a new high, it is always a nice ring but for the moment, it looks like it is a routine ring.
Tirthankar Patnaik: We expect 15% upside for the markets and looking at 9000 plus for Nifty.
We have maintained that we are reaching 8000 by the end of the year. It is going to probably happen in this expiry itself. If the market does move up from here, surely, there will be upside surprise. Valuations are not rich.
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