Pare your expectations, but follow Warren Buffett’s advice! Nifty likely to head towards 17,000 in FY22: Experts

Investors who managed to conquer their fright and remained invested or added fresh money instead, are smiling at the sight of Multibagger returns in certain stocks. The Nifty50 almost doubled from the closing low of 7,610 recorded on March 23, 2020

Legendary American investor Warren Buffett once famously said it is wise to be “fearful when others are greedy and greedy when others are fearful.”

Applied, from the benefit of hindsight, to the current Indian market situation, it could be considered an apt piece of soliloquy.

Chances are that anyone following Buffett’s investment philosophy might have created wealth in FY21 by staying invested in the mayhem or by entering markets in March last year when both the Sensex and the Nifty suffered double-digit fall on a monthly basis amid the outbreak of COVID.

The same exact emotion – the raw emotion of fear – gripped D-Street back in March 2020 when COVID cases started to increase and the government imposed the first lockdown.

Reference URL:

https://www.moneycontrol.com/news/business/markets/pare-your-expectations-but-follow-warren-buffetts-advice-nifty-likely-to-head-towards-17000-in-fy22-experts-6682711.html