Sushil Kedia sees Nifty at 32,000 by year-end, indicating 28% upside from current levels

Investors should not be over-reliant on short-term forecasts, says Sushil Kedia, founder, Kedianomics.

• Nifty 50 could reach 32,000 by year-end, says Sushil Kedia of Kedianomics
• Kedia advises caution during panic selling and urges focus on long-term gains
• He sees 27,800 as the next major upside milestone before 32,000

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The Nifty 50 index could breach the 32,000 level by the end of the current year, according to Sushil Kedia, founder, Kedianomics.

Speaking to Moneycontrol's N Mahalakshmi, Kedia added that despite the markets seeing strong volatility and panic selling at the current moment, the larger picture indicates strong bullishness, with the benchmark indices likely to rally nearly 28 percent from current levels to likely top the 32,000 mark.

Kedia, however, cautioned against investors' over-reliance on short-term forecasts. Calling forecasts his “personal pet peeve”, he said most market predictions are little more than imagination, lightly tempered by historical data.

From a statistical standpoint, he pointed out that markets have already seen a three-sigma move, a level that typically implies a very high probability of a reversal. The continuation of that move, in his view, suggests markets are overstretched rather than structurally broken.

Instead of attempting to predict an incremental downside of 2 percent on the index or 4-5 percent cuts in individual stocks, Sushil Kedia decided to advise investors to stay out when panic dominates trading.

“You do not participate when the blood is flowing on the street,” he said, adding that clarity on the trigger behind the selloff is critical. According to him, the right moment to step in is when bad news is fully disclosed and markets refuse to fall further, signalling a shift in sentiment.

Kedia believes markets are currently in a narrow time window where catharsis, which is a climactic overreaction driven by fear and news flow, could occur at any point. While he does not claim to know where the eventual entry point will be, Kedia stressed that trying to predict small moves during violent phases is misplaced confidence.

Looking beyond near-term turbulence, Kedia remains firmly bullish. He sees 27,800 as the next major upside milestone and expects the Nifty to potentially reach 32,000 by year-end, arguing that focusing on outsized long-term gains matters far more than chasing marginal moves during periods of extreme volatility.

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