Expect to see 16,000 levels on Nifty very soon: Gaurav Garg, CapitalVia Global

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Markets slip off the all time high levels claimed at the opening bell today, but experts see this as a good sign.

According to Gaurav Garg, Head of Research at CapitalVia Global, “Markets have been consolidating for the last few weeks and it is always good when the markets spend some time in a range after a sharp rally. The market currently remains in a zone where investors can buy-on-dips.”

He also said that the indicators for markets are positive with respect to declining Covid cases, higher vaccinations and unlocking by various states now.

“Expect to see the 16,000 levels on Nifty very soon”, he added.

On the broader market space, he said that while the last three odd years mid and small caps have not performed that well, but last year has been great.

He is bullish on this space, however, has cautioned investors to do a thorough research before getting into a company as investing broader markets is difficult. If one is invested in the right company at the right price, there are opportunities to make handsome money.

The sectors he finds money flowing into now are metals and public sector enterprises.

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