“There is a good possibility that the Nifty is heading for not only a new lifetime high but 20% return from current levels which comes to approximately around 21,000 on the Nifty. We are bullish on the Nifty with a 6-12 month timeframe and we believe that in this rally, the leadership will come from banks, auto, FMCG, capital goods and may be IT as a big reversal play.”
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