This is a model which is perfect for the lofty valuations of Nifty today. If you were to compare earnings to the multiples, we are probably at the top quartile of valuations historically. At this point of time, we feel the model that we have implemented makes the most sense, Kamath said.
Nifty may hit 24,060 before recovery, IT breakout imminent: Geojit’s Anand James
Despite Friday’s recovery attempt, technical charts are painting a cautious picture for Nifty in the coming week. Anand James, Chief Market Strategist at Geojit Investments