Flag and Pole chart...Nifty 50 on its journey of 37000
I am sure many are worried to see the Nifty fall from 26200 levels to current levels of 23070.
Many will be tempted to exit their stocks and portfolio. However I think if you are having good fundamental stocks then you must tightly hold on to your stocks. If you have money, then add more of your stocks at current levels. Here is the reason why..
Nifty 50 had a 12 year trendline breakout in Nov 2021. From the bottom of March 2020 to this Nov 2021 breakout, it was a flag and pole chart. We can see how the flag breakout has unfolded in next 3 years. Nifty has again done a flag and pole from its June 2022 lows to Sept 2024 peak. A break of this point means another 11000 points from 26200. So in all probability in next 3 years we can see Nifty 50 at 37000 levels. When exactly this breakout will happen cannot be predicted. But surely this breakout is coming. Below is the reason, why I think this will happen.
We all know India is the fastest growing country in GDP. This will reflect in stock market growth also. We have only 4 Cr Investors in MF. Current monthly SIP book is 25000 Cr. When we double or triple the MF investors, the SIP as well as Lumsump inflows is likely to double and triple. We have 18.5 Crore demat accounts and we are adding an average rate of 38 lakhs demat every month. We have 65% people in India below the age of 35 and 50% below the age of 25. Just see the growth that these people will bring in next 10 to 20 years. It's a mega opportunity of Aspirational India. So don't get carried away by seeing your portfolio in loss. In fact if you had invested even before the Covid fall when Nifty was around 12400 and you had not sold during covid fall, still your portfolio will be doubled in these 5 years. This is 14.4% CAGR. If we continue with the same CAGR, then Your 10 lakhs Portfolio of Jan 2020 will be 1.37 Crore in 2040. So don't carried away by the noise in the market about corrections and hold on to your good fundamental stocks. Ofcourse do review your stock portfolio. Not every stock is going to fetch you 10X in 20 years. Some will give you more, some will give you less and some will erode your capital.
Many will be tempted to exit their stocks and portfolio. However I think if you are having good fundamental stocks then you must tightly hold on to your stocks. If you have money, then add more of your stocks at current levels. Here is the reason why..
Nifty 50 had a 12 year trendline breakout in Nov 2021. From the bottom of March 2020 to this Nov 2021 breakout, it was a flag and pole chart. We can see how the flag breakout has unfolded in next 3 years. Nifty has again done a flag and pole from its June 2022 lows to Sept 2024 peak. A break of this point means another 11000 points from 26200. So in all probability in next 3 years we can see Nifty 50 at 37000 levels. When exactly this breakout will happen cannot be predicted. But surely this breakout is coming. Below is the reason, why I think this will happen.
We all know India is the fastest growing country in GDP. This will reflect in stock market growth also. We have only 4 Cr Investors in MF. Current monthly SIP book is 25000 Cr. When we double or triple the MF investors, the SIP as well as Lumsump inflows is likely to double and triple. We have 18.5 Crore demat accounts and we are adding an average rate of 38 lakhs demat every month. We have 65% people in India below the age of 35 and 50% below the age of 25. Just see the growth that these people will bring in next 10 to 20 years. It's a mega opportunity of Aspirational India. So don't get carried away by seeing your portfolio in loss. In fact if you had invested even before the Covid fall when Nifty was around 12400 and you had not sold during covid fall, still your portfolio will be doubled in these 5 years. This is 14.4% CAGR. If we continue with the same CAGR, then Your 10 lakhs Portfolio of Jan 2020 will be 1.37 Crore in 2040. So don't carried away by the noise in the market about corrections and hold on to your good fundamental stocks. Ofcourse do review your stock portfolio. Not every stock is going to fetch you 10X in 20 years. Some will give you more, some will give you less and some will erode your capital.
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