With a clear mandate coming for the (National Democratic Alliance) NDA, the market euphoria is likely to continue. However, I would like to add that one should have a long view on the market. Even if the market corrects from the current level, we are getting into a trend where a lot of money which is left out will start coming to the market.
Those who have held on to stocks over the last few years should stay invested for the next two – three years assuming the macro conditions to improve. With the clear mandate, it will be easier to take political and economy-related decisions.
There is a possibility of markets correcting to 6,700-6,800 levels, which is the likely bottom for now. This is a very good point to start accumulating again for the long term as markets are set to go higher.
