{"id":15523,"date":"2020-12-09T10:31:38","date_gmt":"2020-12-09T05:01:38","guid":{"rendered":"https:\/\/www.moneyworks4me.com\/investmentshastra\/?p=15523"},"modified":"2020-12-09T18:54:43","modified_gmt":"2020-12-09T13:24:43","slug":"november-2020-moneyworks4me-outlook","status":"publish","type":"post","link":"https:\/\/www.moneyworks4me.com\/investmentshastra\/november-2020-moneyworks4me-outlook\/","title":{"rendered":"November 2020: MoneyWorks4me Outlook"},"content":{"rendered":"<div style=\"background: #D2FDF1; border: 1px solid #28C297; border-radius: 10px; padding: 15px; margin-bottom: 10px;\">\n<p><span style=\"color: #008080;\"><strong>This article covers the following:<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"color: #008080;\"><a style=\"color: #008080;\" href=\"#review\">Review<\/a><\/span><\/li>\n<li><span style=\"color: #008080;\"><a style=\"color: #008080;\" href=\"#outlook\">Outlook<\/a><\/span><\/li>\n<li><span style=\"color: #008080;\"><a style=\"color: #008080;\" href=\"#risks\">Risks<\/a><\/span><\/li>\n<li><span style=\"color: #008080;\"><a style=\"color: #008080;\" href=\"#vaccine\">With Vaccine news stocks have rallied further, will they correct?<\/a><\/span><\/li>\n<li><span style=\"color: #008080;\"><a style=\"color: #008080;\" href=\"#sell\">Is it not wise to sell stocks now? Is it 2003 or 2007<\/a>?<\/span><\/li>\n<li><span style=\"color: #008080;\"><a style=\"color: #008080;\" href=\"#market\">How to think about market valuation<\/a><\/span><\/li>\n<li><span style=\"color: #008080;\"><a style=\"color: #008080;\" href=\"#allocate\">How to allocate funds<\/a><\/span><\/li>\n<\/ul>\n<\/div>\n<h2 id=\"review\">Review<\/h2>\n<p>As of Nov 30, 2020, Nifty closed at 12,969, around 7% higher over last year. In the last 3 years, Nifty is up 27% translating into ~8% CAGR.<\/p>\n<div id=\"footable_parent_15533\"\n         class=\" footable_parent ninja_table_wrapper loading_ninja_table wp_table_data_press_parent bootstrap4 \">\n                <table data-ninja_table_instance=\"ninja_table_instance_0\" data-footable_id=\"15533\" data-filter-delay=\"1000\" aria-label=\"November 2020 Outlook Indices Returns\"            id=\"footable_15533\"\n           data-unique_identifier=\"ninja_table_unique_id_1177294940_15533\"\n           class=\" foo-table ninja_footable foo_table_15533 ninja_table_unique_id_1177294940_15533 table  nt_type_ajax_table table-striped table-bordered table-hover table-sm vertical_centered  footable-paging-right ninja_table_search_disabled\">\n                <colgroup>\n                            <col class=\"ninja_column_0 \">\n                            <col class=\"ninja_column_1 \">\n                            <col class=\"ninja_column_2 \">\n                    <\/colgroup>\n            <\/table>\n    \n    \n    \n<\/div>\n\n<p>Nifty has bounced back 70% from its intraday lows with healthy participation across the board.<\/p>\n<p>Recently US election outcome and optimism around vaccines have led to new highs for <strong><a href=\"https:\/\/www.moneyworks4me.com\/best-index\/nse-stocks\/top-nifty50-companies-list\/\">Nifty<\/a><\/strong>. The timeline for Vaccine approval and distribution remains uncertain for now. This optimism has led to a rally in Nifty well past old highs, led by banking stocks. Unabated FII inflows are leading to new highs for Nifty, as this subsides we may see some profit booking. We have written a note on <a href=\"https:\/\/www.moneyworks4me.com\/company\/report\/analyst-desk-detailed\/reportid\/12\">What are FIIs seeing<\/a>?<\/p>\n<p>Stocks that benefitted from the Covid crisis may cool off but individual stocks that report good results will continue to perform well in lines with earnings.<\/p>\n<p>FII bought all-time high Rs. 65,238 Cr worth of shares in Nov\u201920 while DII sold Rs. 48,339 Cr.<\/p>\n<p>GDP contracted by 7.5% in the second quarter of the calendar year 2020. For this financial year, the contraction is around 15%. With an expected recovery in key parameters like e waybills, auto sales, cement offtake, IIP, and GST collections, it appears the next half will see good GDP recovery closer to pre-covid levels.<\/p>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/mobile-site\/registration\/?source=investmentshastra-banner-november-2020-outlook\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-15245\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/08\/Avoid-investing-in-risky-stocks.jpg\" alt=\"Avoid investing in risky stocks\" width=\"800\" height=\"200\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/08\/Avoid-investing-in-risky-stocks.jpg 800w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/08\/Avoid-investing-in-risky-stocks-300x75.jpg 300w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/08\/Avoid-investing-in-risky-stocks-768x192.jpg 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/08\/Avoid-investing-in-risky-stocks-370x93.jpg 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/08\/Avoid-investing-in-risky-stocks-270x68.jpg 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/08\/Avoid-investing-in-risky-stocks-740x185.jpg 740w\" sizes=\"(max-width: 800px) 100vw, 800px\" title=\"\"><\/a><\/p>\n<h2 id=\"outlook\"><strong>Outlook<\/strong><\/h2>\n<p>As of date, the average upside of our coverage universe is likely to be less than 10% CAGR over the next 3 years basis based on current estimates. If we see growth improving next year, we may see an upward revision in our estimates.<\/p>\n<p>Nifty 50 index\u00a0trades above its<a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/category\/analyst-corner\/sensex\/\">\u00a0fair value<\/a>\u00a0while there are pockets of extreme overvaluation and undervaluation.\u00a0A lot of liquidity helped beaten-down stocks to rally however, the economic indicator does not show full recovery in all sectors.<\/p>\n<p>Even if there is news of reopening or Vaccine, focus on companies that have good earnings growth over the next few years. Companies in sectors like chemicals,\u00a0<a href=\"https:\/\/www.moneyworks4me.com\/nse-index\/top-nse-pharma-companies-list\/\">pharmaceuticals<\/a>,\u00a0<a href=\"https:\/\/www.moneyworks4me.com\/nse-index\/top-nse-it-companies-list\/\">IT<\/a>, Telecom, utilities, and rural-focused companies will report good earnings growth this year.<\/p>\n<p>We are looking at companies that have good earning triggers over the next 2 years as we are not certain whether broad-based recovery will happen immediately. We are investing in companies<em>\u00a0<\/em><strong>i)<\/strong>\u00a0coming out of sector consolidation\/debt reduction, or\u00a0<strong>ii)<\/strong>\u00a0introducing new products, or\u00a0<strong>iii)<\/strong>\u00a0commissioning new capacities, or\u00a0<strong>iv)<\/strong>\u00a0executing orders in hand. This gives certainty of growth rather than plain anticipation.<\/p>\n<div style=\"background: #ffffff; border: 1px solid #CB4154; border-left-color: Brick red; border-left-style: solid; border-left-width: 15px; padding: 15px; margin-bottom: 10px;\"><strong>Many stocks with poor earnings temporarily have also rallied quite sharply. This might be in anticipation of recovery over the next 2 quarters. FII inflows have led to aggressive price recovery in banks and cyclical. Current prices in quite a few names already reflect growth thereby increasing downside risks.<\/strong><\/div>\n<p>We are looking at opportunities in building materials, export-oriented textile or light engineering, and import substitute ideas. We have increased allocation to the\u00a0Power sector and building material space where incremental data suggesting an improvement in the sector\u2019s prospects.<\/p>\n<div class=\"col-md-12 col-12 font13 mb-3\" style=\"background: #fbf0e7; padding-top: 5px; border: 1px solid #FBA059;\">\n<div class=\"text-center mt-2 mb-3 text-success font14\" style=\"text-align: center; font-size: 15px;\"><strong><span style=\"color: #28a745;\">We love helping investors like you,<\/span><\/strong><\/div>\n<p style=\"text-align: center; padding-top: 10px; margin-bottom: 5px; line-height: 30px;\"><span style=\"color: #3366ff;\"><a href=\"https:\/\/www.moneyworks4me.com\/registration\/?source=investmentshastra\">Register FREE<\/a><\/span> | <span style=\"color: #800080;\"><a style=\"color: #800080;\" href=\"https:\/\/www.moneyworks4me.com\/stock-market\/learn-guide\/learn-share-market-online\/?source=investmentshastra\">Sched<\/a><\/span><span style=\"color: #800080;\"><a style=\"color: #800080;\" href=\"https:\/\/www.moneyworks4me.com\/stock-market\/learn-guide\/learn-share-market-online\/?source=investmentshastra\">ule<\/a><\/span><span style=\"color: #800080;\"><a style=\"color: #800080;\" href=\"https:\/\/www.moneyworks4me.com\/stock-market\/learn-guide\/learn-share-market-online\/?source=investmentshastra\"> a DEMO<\/a><\/span> | <span style=\"color: #008000;\"><a style=\"color: #008000;\" href=\"https:\/\/forms.zohopublic.com\/moneyworks4me\/form\/ProductEnquiry\/formperma\/WAXO7dZrDWpQGgFeJGQncqPUX0ToXb56fGr1dNDs8Fs\" target=\"_blank\" rel=\"noopener\">Solution Enquiry <\/a><\/span>| <a href=\"https:\/\/www.moneyworks4me.com\/payment\/index\/subscribe-superstars\/?source=investmentshastra\"><span style=\"color: #ff0000;\">Subscribe<\/span><\/a><\/p>\n<\/div>\n<h2 id=\"risks\" style=\"margin-top: 10px;\"><strong>Risks<\/strong><\/h2>\n<h3><strong>Indian Economy<\/strong><\/h3>\n<p>GDP data saw two-quarters of year-on-year decline, while the recent quarter was more reasonable 7.5% versus the previous quarter decline of 23%. Unfortunately, the cases are still on the rise as more people returned to work and started traveling.<\/p>\n<p>Many sectors have reached at least 80% utilization in Nov\u201920. Popular high-frequency data like car registration, toll roads, diesel usage, and electricity generation show month-on-month improvement. A lot of the demand is coming from pent-up as well as festivity.<\/p>\n<div style=\"background: #ffffff; border: 1px solid #DC143C; border-left-color: Crimson; border-left-style: solid; border-left-width: 15px; padding: 15px; margin-bottom: 10px;\"><strong>The employment situation has not improved due to either few businesses scaling down or sectors with employee dependence haven\u2019t seen recovery eg. Restaurants, Hotels, Spas, Hairdressers, etc. This makes us cautious in consumer names as they factor in high growth in stock prices.<\/strong><\/div>\n<p><em>Beyond a point, forecasting macroeconomics is tough. We remain optimistic that the pandemic will affect only near-term economic parameters but it won\u2019t dampen the demographics of the country nor can it stop the long-term momentum in GDP growth and rising consumerism.<\/em><\/p>\n<h3 id=\"vaccine\"><strong>With Vaccine news stocks have rallied further, will they correct?<\/strong><\/h3>\n<p>Currently market rallied on the back of the US election outcome and Vaccine news on Monday, 9<sup>th<\/sup>\u00a0November 2020. While Vaccine news certainly is very positive, the market has already rallied pricing economic recovery in the next financial year.<\/p>\n<p>Low-interest rates and liquidity is fuelling rallies across emerging markets. While the market does look expensive wherein few stocks are pricing in a very optimistic near-term future, we will see a pullback if the not deep correction in the near term. However, since the overall market is not in correction mode anymore, we expect individual stocks to do well based on business performance.<\/p>\n<h3 id=\"sell\"><strong>Is it not wise to sell stocks now? Is it 2003 or 2007?<\/strong><\/h3>\n<p>No, because we don\u2019t know whether it is the start of the next upcycle or the end of the past cycle. In short, we don\u2019t know whether are we in 2003 or 2007?<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-15525\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/nifty-50-index.png\" alt=\"nifty 50 index 1993-2004\" width=\"701\" height=\"409\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/nifty-50-index.png 2230w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/nifty-50-index-150x88.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/nifty-50-index-600x350.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/nifty-50-index-768x448.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/nifty-50-index-1024x598.png 1024w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/nifty-50-index-370x216.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/nifty-50-index-740x432.png 740w\" sizes=\"(max-width: 701px) 100vw, 701px\" title=\"\"><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-15526\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/nifty-50-index-2001-08.png\" alt=\"nifty 50 index 2001-08\" width=\"703\" height=\"410\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/nifty-50-index-2001-08.png 2224w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/nifty-50-index-2001-08-150x88.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/nifty-50-index-2001-08-600x350.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/nifty-50-index-2001-08-768x448.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/nifty-50-index-2001-08-1024x598.png 1024w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/nifty-50-index-2001-08-370x216.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/nifty-50-index-2001-08-740x432.png 740w\" sizes=\"(max-width: 703px) 100vw, 703px\" title=\"\"><\/p>\n<p>If someone sees the economic data and companies earning growth prior to 2003, it was terrible. But market rallied 100% from lows before fundamentals reflected the same optimism. Later when the earning growth of the company followed, the market retained this appreciation and climber higher in lines with earning growth. After a 100% rally from lows, Nifty went up another 200%+, from 2000 to 6400 over the next 3 years.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-15527\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/gdp-vs-sensex-growth-rate.png\" alt=\"gdp vs sensex growth rate\" width=\"701\" height=\"413\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/gdp-vs-sensex-growth-rate.png 1250w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/gdp-vs-sensex-growth-rate-150x88.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/gdp-vs-sensex-growth-rate-600x353.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/gdp-vs-sensex-growth-rate-768x452.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/gdp-vs-sensex-growth-rate-1024x603.png 1024w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/gdp-vs-sensex-growth-rate-370x218.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/gdp-vs-sensex-growth-rate-740x436.png 740w\" sizes=\"(max-width: 701px) 100vw, 701px\" title=\"\"><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-15528\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/sensex-earning-growth.png\" alt=\"sensex earnings growth\" width=\"701\" height=\"398\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/sensex-earning-growth.png 1232w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/sensex-earning-growth-150x85.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/sensex-earning-growth-600x341.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/sensex-earning-growth-768x436.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/sensex-earning-growth-1024x582.png 1024w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/sensex-earning-growth-370x210.png 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/12\/sensex-earning-growth-740x420.png 740w\" sizes=\"(max-width: 701px) 100vw, 701px\" title=\"\"><\/p>\n<p>Today we might be at a similar juncture where we have had poor earnings growth and GDP growth for the last 2-3 years. It could be a cyclical recovery leading to higher GDP and earnings growth over the next 2 years.<\/p>\n<p>This is the reason not to get carried away by the price appreciation. The majority of the stocks are not yet at all-time highs. Based on market valuation and the number of opportunities available, we believe it is time to be cautious but not so much to liquidate existing holdings.<\/p>\n<h3 id=\"market\"><strong>How to think about market valuation:<\/strong><\/h3>\n<p><em>Let\u2019s assume Nifty is indeed 20% expensive (As per our MRP, Nifty \u2013 a concentrated portfolio \u2013 is around 20% higher than its fair price, not true for all stocks).<\/em><\/p>\n<p><em>If Nifty were to give 13% CAGR returns over the next 10 years, buying 20% above fair value reduces your returns by 2% CAGR i.e. it will earn 11% CAGR versus 13% CAGR. Now it doesn\u2019t look so bad. Our portfolios are expected to deliver better than Nifty as their growth rates and quality is better than Nifty.<\/em><\/p>\n<p>It is fair to hold\/raise 10-20% cash in the portfolio, we will inform you which stocks to be sold if we see evidence of correction. The rest of the portfolio can be held despite volatility based on news flow or a rise in the number of Covid cases. We can\u2019t avoid volatility completely as markets move in unpredictable patterns.<\/p>\n<p>We recommend equity investing only for long term savings so that\u00a0near term events become irrelevant. We do not find any merit in second-guessing what\u2019s going to happen in the next 6 months-1 year. If the shortlisted stocks are good companies, with good growth prospects, they will deliver returns in line with business performance. Picking the right stocks is easier than predicting the market direction.<\/p>\n<p>We continue to recommend Gold Fund\/Gold (up to 5-10% of the portfolio) as a hedge from contagion risks.<\/p>\n<p>If you are afraid about the economy, people losing jobs, your own finances, commit lower than usual in equity. Say instead of Rs. 100 inequity in normal times, commit only 60 or 70. But don\u2019t get scared of volatility.<\/p>\n<h3 id=\"allocate\"><strong>How to allocate funds:<\/strong><\/h3>\n<p>Restrict your allocation to 3-5-7% in each stock and diversify across 20-25 names. And not more than 25% in each mutual fund. This will keep you at peace, and not significantly dent your portfolio performance.<\/p>\n<p>Avoid any type of regret while investing. Regret can come either missing stock or not adding enough to a winning stock. Rather focus on overall strategy as explained above.<\/p>\n<p>Beyond this, tinkering with asset allocation will only reduce long-term returns thereby missing one\u2019s target corpus. We have\u00a0<a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/building-a-portfolio-with-core-and-booster-stocks\/\"><strong>diversified our stocks portfolio<\/strong><\/a>, we have diversified assets and we have a long term horizon. Together this takes care of all potential risks in investing.<\/p>\n<div style=\"background: #FEF4A5; border: 1px solid #E1CA0E; border-radius: 10px; padding: 15px; margin-bottom: 10px;\">\n<p><span style=\"color: #993300;\"><strong>MoneyWorks4me Outlook:<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"color: #993300;\"><a style=\"color: #993300;\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/october-2020-moneyworks4me-outlook\/\">October 2020<\/a><\/span><\/li>\n<li><span style=\"color: #993300;\"><a style=\"color: #993300;\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/september-2020-moneyworks4me-outlook\/\">September 2020<\/a><\/span><\/li>\n<li><span style=\"color: #993300;\"><a style=\"color: #993300;\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/august-2020-moneyworks4me-outlook\/\">August 2020<\/a><\/span><\/li>\n<li><span style=\"color: #993300;\"><a style=\"color: #993300;\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/july-2020-moneyworks4me-outlook\/\">July 2020<\/a><\/span><\/li>\n<\/ul>\n<\/div>\n<p>If you liked what you read and would like to put it into practice Register at MoneyWorks4me.com. You will get amazing FREE features that will enable you to invest in Stocks and Mutual Funds the right way.<\/p>\n<div class=\"col-md-12 col-12 font13 mb-3\" style=\"background: #fbf0e7; padding-top: 5px; border: 1px solid #FBA059;\">\n<div class=\"text-center mt-2 mb-3 text-success font14\" style=\"text-align: center; font-size: 15px;\"><strong><span style=\"color: #28a745;\">We love helping investors like you,<\/span><\/strong><\/div>\n<p style=\"text-align: center; padding-top: 10px; margin-bottom: 5px; line-height: 30px;\"><span style=\"color: #3366ff;\"><a href=\"https:\/\/www.moneyworks4me.com\/registration\/?source=investmentshastra\">Register FREE<\/a><\/span> | <span style=\"color: #800080;\"><a style=\"color: #800080;\" href=\"https:\/\/www.moneyworks4me.com\/stock-market\/learn-guide\/learn-share-market-online\/?source=investmentshastra\">Sched<\/a><\/span><span style=\"color: #800080;\"><a style=\"color: #800080;\" href=\"https:\/\/www.moneyworks4me.com\/stock-market\/learn-guide\/learn-share-market-online\/?source=investmentshastra\">ule<\/a><\/span><span style=\"color: #800080;\"><a style=\"color: #800080;\" href=\"https:\/\/www.moneyworks4me.com\/stock-market\/learn-guide\/learn-share-market-online\/?source=investmentshastra\"> a DEMO<\/a><\/span> | <span style=\"color: #008000;\"><a style=\"color: #008000;\" href=\"https:\/\/forms.zohopublic.com\/moneyworks4me\/form\/ProductEnquiry\/formperma\/WAXO7dZrDWpQGgFeJGQncqPUX0ToXb56fGr1dNDs8Fs\" target=\"_blank\" rel=\"noopener\">Solution Enquiry <\/a><\/span>| <a href=\"https:\/\/www.moneyworks4me.com\/payment\/index\/subscribe-superstars\/?source=investmentshastra\"><span style=\"color: #ff0000;\">Subscribe<\/span><\/a><\/p>\n<\/div>\n<hr \/>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/\"><img decoding=\"async\" style=\"float: left; height: 100px; padding-right: 16px; margin-left: 40px;\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/mw4me-logo.png\" alt=\"\" title=\"\"> <\/a> <a class=\"hide-mobile\" href=\"https:\/\/t.me\/mw4me\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" style=\"float: left; height: 100px; padding-right: 16px;\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/investments-shastra-blog.png\" alt=\"\" title=\"\"> <\/a><\/p>\n<div class=\"hide-mobile\" style=\"height: 100px; padding-top: 15px;\"><strong style=\"font-size: 15px; color: #32aadf;\">Join our Telegram Channel:<\/strong><br \/>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/fundamentalstockinvesting\">Stock Investing<\/a><br \/>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/mutualfundinvesting\">Mutual Fund Investing<\/a><\/div>\n<div class=\"hide-desktop\" style=\"float: left; width: 100%; text-align: center; padding-bottom: 15px;\"><a href=\"https:\/\/t.me\/mw4me\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" style=\"height: 100px;\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/investments-shastra-blog.png\" alt=\"\" title=\"\"><\/a><br \/>\n<strong style=\"font-size: 15px; color: #32aadf;\">Join our Telegram Channel:<\/strong><br \/>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/fundamentalstockinvesting\">Stock Investing<\/a><br \/>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/mutualfundinvesting\">Mutual Fund Investing<\/a><\/div>\n<div style=\"text-align: center;\">\n<p><span style=\"color: #0070c0;\"><b>Need help on Investing? And more<\/b><b>\u2026.<\/b><b>Puchho<\/b> <b>Befikar<\/b><\/span><\/p>\n<div class=\"puchhoBefikarIcon\"><img decoding=\"async\" loading=\"lazy\" class=\"\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/puchho-befikar-logo.png\" width=\"59\" height=\"46\" alt=\"\" title=\"\"><\/div>\n<p><b><i>Kyunki<\/i><\/b> <b><i>yeh<\/i><\/b> <b><i>paise<\/i><\/b> <b><i>ka<\/i><\/b> <b><i>mamala<\/i><\/b> <b><i>hai<br \/>\n<\/i><\/b><a href=\"https:\/\/www.youtube.com\/watch?v=52ueLmP49A0\" target=\"_blank\" rel=\"noopener\">Why MoneyWorks4me<\/a> | <a href=\"https:\/\/www.youtube.com\/watch?v=noAvmf2sUI8\" target=\"_blank\" rel=\"noopener\">Why Register<\/a> | Call 020 6725 8333 | <a href=\"https:\/\/api.whatsapp.com\/send?phone=918055769463&amp;text=Need%20any%20help?\" target=\"_blank\" rel=\"noopener\">WhatsApp 8055769463<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>This article covers the following: Review Outlook Risks With Vaccine news stocks have rallied further, will they correct? Is it not wise to sell stocks now? Is it 2003 or 2007? How to think about market valuation How to allocate funds Review As of Nov 30, 2020, Nifty closed at 12,969, around 7% higher over [&hellip;]<\/p>\n","protected":false},"author":725,"featured_media":15535,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1166,1182],"tags":[],"modified_by":"MoneyWorks4me","_links":{"self":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts\/15523"}],"collection":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/users\/725"}],"replies":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/comments?post=15523"}],"version-history":[{"count":0,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts\/15523\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/media\/15535"}],"wp:attachment":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/media?parent=15523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/categories?post=15523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/tags?post=15523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}