For traders, the week started on a positive as on Monday, the Nifty 50 Index crossed 20,000 for the first time ever. The index has gained in every single day of the September F&O series. It took 52 trading sessions for the index to move from 19,000 to 20,000.0
Experts have cherished the achievement by Nifty, but has also advised caution to the investors. Nilesh Shah of Kotak Mahindra AMC believes that the market is in a momentum but it is important for the investors to be cautious.
“Nifty at 20,000 is part of a journey and not a destination. Sitaron se aage jahan aur bhi hai. Where yesterday Sensex was, today Nifty is. Where today Sensex is, tomorrow Nifty will be there for the long term investors. However in a momentum market one has to be cautious,” he said. He also advised to buy quality stocks at reasonable price, which has longer-term horizon.
