“If the current upside continues, then we are also likely to see some improved performance from the midcaps and the broader markets. It is strongly suggested that shorts may be avoided even if some consolidation happens, that downside must be utilized to make fresh purchases so long as Nifty keeps its head above 17600 levels. A positive outlook is advised for the coming week,” says a market experts.
Is Nifty expensive? Why judge today’s valuations through yesterday’s lens, asks Pankaj Pandey
ICICI Direct’s Pankaj Pandey believes India’s Nifty has structurally transformed, making historical valuation comparisons obsolete. He suggests current valuations, though seemingly rich at 20x FY27
June 12, 2025