Technical Analysis of Indian Equities by Nooresh


#Sensex to touch 1,50,000 and Nifty 1,30,000 or 1,00,000 by 2030. Extrapolation !!

In todays #CNBC Investor Summit this is what Mr Rakesh Jhunjhunwala commented or as it is mentioned on


Nifty will hit 1,30,000 by 2030: Jhunjhunwala
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This is what excites people πŸ™‚


Only this Sunday i was tweeting about how a #Sensex targetting 70-77k by 2018-2020 is not a big extrapolation. This has been taken ahead by extrapolating it to 2030 !!




#Sensexcagr 2


When RJ says 1,30,000 Nifty it implies a 18% cagr growth which is just an approximation of last 30-35 years. ( well which itself is wrong coz of 1979-1992 Sensex went up 45 times. Never happening again )


This is the power of compounding. You can keep increasing the time frame for obscene targets πŸ™‚


β€œ  The most popular software for writing fiction isn't Word. It's Excel  β€œ

The last such attempt to make a futuristic extrapolation was Love Story 2050 :). You can google about the superhit movie results.




Do remember that during the last 30 years we have got 60% absolute falls 3 times and many 30% corrections. This is what one needs to worried about πŸ™‚ all the time.


It does not mean am bearish but its always good to be cautious and alert in markets πŸ™‚ all the time.


I stick to my extremely bullish views presented in March 2014 – Indian Elections Report  and still stick to the view of Increasing allocation equities as part of networth with a view of next few years.


But do remember there will be corrections and dips and do not get excited by a 15 year projection and take a 15 day trade or a 15 month investment without enough research !!

Article by Nooresh Merani

Nooresh has written 2741 articles.

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