The Nifty on Friday 28 May closed at a historic record points of 15,453. Reiterating his predictions, Zee Business Managing Editor and Market Guru Anil Singhvi said, this is the new lifetime high level!
Talking about the markets’ volatile performance, on April 20 this year, Managing Editor said that if this confidence becomes comfort that COVID-19 cases are declining then the movement of the market will start picking up. If the market thinks the worst is over then it will stop plunging and start shifting upward.
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Echoing his earlier views, on April 26 he again said, “I don’t know if the COVID-19 cases will surge or fall or will get under the control? But I am optimistic that we will not see worst than this.” The moment the market will realise that the worst of COVID-19 has ended, it will recover. That day you will witness a high momentum. He said that trust me if this happens then by the May-end or the beginning of June, the Market will touch a new lifetime high level.
On May 18, he added the same point that the day the cases of COVID-19 will start declining, the market will gain momentum. And this we have been saying from 14200 to 14400 range. And this is happening now!