Crypto might crash in market and NIFTY to stay afloat 15k
NIFTY will remain above 15 thousand though crypto might crash. Although crypto will not affect NIFTY.
Rakesh Jhunjhunwala, the big bull, says that the crypto might crash in market and NIFTY to stay afloat 15k.
Will NIFTY manage to remain above 15k?
As per the big bull, Indian government looks forward to long-term growth and short-term gains. He also suggestes that the government is focusing on private sectors. Due to it, the ease of doing business in India is improving. He believes that the market is ready for bearing the brunt of inflation and still be thriving. For he believes that India’s growth forecast is a quite possible figure.
- Moreover, Investment in financial assets will improve.
- Additionally, He expresses a bullish sentiment on TATA groups. He attaches importance to TATA motors as he looks forward to its transformation.
- Further, He prefers infrastructure, hospitality, and metal stocks.
- Along with other factors, PSU banks will outperform private banks.
Rationale given by Jhunjhunwala for the fall of crypto:
Crypto will fall because the investors of equities are different from the investors of cryptos. The investors of crypto are not driven by the same factors as are that of equities.
Will there be an effect of crypto’s purported fall on NIFTY?
Jhunjhunwala declines on the face of the possibility. As per him, the crash of crypto in market will not affect EQUITY.
Jhunjhunwala appreciates Union budget of India 2022. He praises it as realist because it is growth oriented and not under the influence of a populist move in view of upcoming electoral events.
