India, March 14: Debayan is optimistic that the Nifty index will cross 24000. In his recent trade this year, Debayan made a +2 Crore intraday, a 1% club in 1 day. He has clocked + million $ in expiry trades across all indexes in 2024 so far, with his latest 25L profit in expiry closing in positive even for this newest week, 14th March,24. So, how does he even do it?
Debayan, again from the Sensex freak trade in 2024 in early February, was trading the same expiry and made 50L in a single candle of a 15-minute time frame.
So the question is, how long is the index going to travel?
As for Debayan, we have yet to witness the finale of the bull run, and we are still playing in the semis. As a result, he thinks the Nifty will cross the 24k index level, and Bank Nifty will be at 52000 in the next few months this year.
India, now valued as the most expensive stock market in the World, will continue to remain high, moving upwards but slowly.
He predicts transformation in many sectors this year, so on every rise in equity, one must not hold or show emotional connection and repent on stocks but exit profits and improvise on sectoral changes.
In futures and options, as there’s an everyday expiry, it becomes challenging to hedge positions. Still, if one can understand historical patterns and the basics of price levels, one must do well with limited R: R, the focused point of the same, keeping very basic and straightforward discipline trades.
As for Bitcoin, he thinks its value will come to zero since the government and institutes will always want this to be something other than an asset class. However, he still believes Bitcoin will go up to levels of $100,000$ and then crash to zero. However, the immense potential remains in gold and silver as the ultimate hedge against its equity risk.
As a safe ride, one must stay invested, as an index in overall trend has compounded; given the last crash of coronavirus, the nifty index has climbed more than 250% in just four years.
China is experiencing a major crisis, with Singapore and Japan following suit. Still, the inflow of funds to attract retail is growing at the fastest level, making India the booming inflow of funds in the Asian corner in the next ten years.
Once again, Debayan is bullish on the Indian stock market. However, the market will move higher but at a slower pace, so be patient, hold on to a sound investment portfolio, and cherish the growth of India and Amritkal Bharat being Atmanirbhar since you want to make sure to take advantage of the finale of the bull.
To End, he quotes, it is often the simplest of plans and tricks that give you the best and most effective result.
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