SMIFS' Sharad Avasthi Expects A Bull Run Starting In November, 20-22% Rally In Next 3-5 months

Sharad Avasthi of SMIFS has shared his views on the current market decline, highlighting key concerns and expectations for a market recovery. According to him, while some investors may be worried about the 5-7% correction or individual stocks dropping 30-35% from their peaks, this is not cause for alarm, especially considering many of these stocks had surged 2-4X in recent months. He believes these market dips should be viewed as normal and manageable. What has surprised Sharad Avasthi is the unexpected shift in the interest rate trajectory. He initially expected a smooth downward trend in rates, but recent speculation after the last rate cut has created uncertainty in the macroeconomic landscape. However, he anticipates more clarity in the coming months, with further rate cuts likely on the horizon. Looking forward, Sharad Avasthi remains optimistic about a strong rally in the market, particularly after upcoming state elections in Maharashtra and Jharkhand and the conclusion of the U.S. elections later in the year. He also predicts that Q3 and Q4 will be more promising quarters, bolstered by post-monsoon activity and the festive season. This market correction, in his view, presents an excellent buying opportunity, with the potential for a 20-22% rally over the next 3-5 months. Watch this video to gain insights into his market outlook and strategies for navigating the current market conditions.