The year 2020, according to us, begins with a note of deep caution and readiness to play downside in most large caps and glamourous valuations. A deep decline during 2020 will form the finale of a three-year sideways correction from where a massive 3-5 year bull run will begin again. Sectors, stocks and size would have re-aligned itself by then.
Below is a summary of our perspectives for the New Year:
Charts are perched at a point from where we are going to be watching extreme cautiously over the next few days for a big correction to set in.
Sushil Kedia is the founder of Kedianomics.