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If we draw an adjusted trend line, the levels of 16,133 may act as an most immediate support levels for Nifty.

Cryptocurrency, however, is now acting as a double-edged sword. Although it is a great alternative when it comes to receiving monetary aid directly and it is also a tool to circumvent the monetary sanctions imposed on the Russian oligarchs and the Russian government.

FPI flows are expected to be volatile in the coming months, due to the ongoing Russian invasion of Ukraine and its fallout in the form of sanctions, high inflation and likely increase in interest rate by Fed.

Generally, in a highly volatile market, investors tend to play safe and refrain from making fresh investments. Thus, the equity market needs to be stable, so that investors can get the confidence to make the investment in the LIC IPO.

Since the Modi government came to power in 2014, it was only in the financial year 2019-20 that it failed to achieve the revised CPSE disinvestment target of Rs 65,000 crore. The mop-up during the year was only Rs 50,304 crore.

​We will see the outcome of state elections on March 10. The hard fought election, if results in losses for the ruling party in key states, may have a negative bearing on the market. Analysts believe it will have a limited impact.

“We are trying to find companies in a sector where earnings are going to be downgraded. One usually gets one downgrade by an analyst and then it is followed by other people downgrading a little bit more and so on. Just wait until the analysts are going to finish the downgrades and that is probably the time to buy. ”

“The bull market started in 2009, 12-13 years ago. In my view, we have to be near the end of the bull market. I am not selling short yet but we have to be near the end of the base, never gone up this much in history. Stocks are expensive now and interest rates are the lowest in history. Interest rates will go higher, inflation will go higher and usually lead to a bear market, It is going to be very bad for things that have been hot. I would not buy Apple at all now.”

“This is not a very good macro set up and not just for the reasons that I have mentioned for the last five-six months, The shock is that suddenly crude is deviating dramatically from its trend line. Now we have been served a $60-70 billion bill by the rest of the world in the form of higher crude prices, higher fertiliser prices, coal prices and so on and so forth. Who is going to foot the bill? It is not going to be a good deal for both bond markets and equity markets.”

The passenger vehicle segment is already going through a shortage. We are seeing a lot of waiting periods and every company has at least two or three models, which are seeing waiting periods of more than six months, he said.