Sensex reaches 51,514 target while Nifty 50 eyes the target of 16,000

India’s Budget was announced on Feb 01, 2021 and ever sine then BSE and NSE Index have seen increase of more than Rs. 11,00,000/- crore since Jan 29, 2021. Sensex and Nifty 50 have increased more than 10% and have touched 51,514 and 15,153 respectively on Feb 08.

According to the many financial experts, Nifty 50 could proceed towards 15,500 – 16000 in the year 2021 and market is likely to remain bullish as there are no significant negative news or event in the near future.

Many believe that investors should liquidate 30-40% of their investments at the current level to receive maximum gains and wait for the increase of 6-10% to re-enter or buy new portfolios.

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