Vijay Kedia, Managing Director of Kedia Securities, says his trading strategy is simple: he doesn't care whether the market is bullish or bearish. According to the market veteran, industry heavyweights such as Mukesh Ambani are unconcerned about the bull or bear market.
"Mai market ko dekh kar kabhi investment nahin karta hoon...ki yeh bull market hai yeh bear market hai..." We are not in a bull or bear market, we are in the stock market (I don't invest in the market wondering if it is in a bull or bear market. I've said it before, we're not in a bull or bear market; we're in the stock market)," said Vijay Kedia at the BT500 Wealth Creators Summit in Mumbai.
Kedia stated that his simple idea is that firm promoters or founders do not expand their enterprises by looking at the market to see if it is a bull market or a bear market. "Apni economic ki chaal ko samajh kar expand kar raha hai. There is no such thing as a bull market or a bear market. Abhi Mukesh bhai, toh unko malum hi nahin hoga...Bull market, bear market unka picha karti hai, woh market ka picha nahin karte (They examine economic or company trends in order to expand their business. It makes no difference to him whether the market is in a bull or bear market. Mukesh (Ambani) bhai would have no idea..."The bull market follows him, the bear market follows him, he does not follow the market," Kedia explained. According to the market guru, he does not pay much attention to such market movements because his investments are long-term.
According to Kedia, the market may be hot right now, but it will likely cool down soon. There have been too many uncertainties in the market over the last two years, including the US recession, inflation, rates, two continuous conflicts, and elections, all of which have become "positive," according to Kedia.
According to the market veteran, when things appear to be going well, the market displays a sense of worry. If your time horizon is three, five, or ten years, we are in the 'Amrit Kaal,' according to Kedia.
Kedia projected for Business Today in August that the BSE Sensex will exceed 70,000 in December, months before it did. He also predicts it will reach the summit of Mount 80,000 by December 2024. However, he sees a lot of uncertainty in the equities markets in the coming year due to general elections next year and the prolonged recession in developed nations, notably the United States.
