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We have a very special guest on NDTV Profit. Whenever he speaks, he speaks from the heart. Apart from charts and all kinds of information, whatever he says is based on his own experience. We have with us the market's veteran investor Vijay Kedia Sir. You are most welcome and thank you very much for giving us time on this special day.
Sir, the first thing I want to understand from you is when will the Nifty level reach 50,000 because you can also predict a long timeframe and you know how far the market can go in a certain period of time. So, first of all, thank you for inviting me here. I am grateful to your channel NDTV Profit. And as far as the question is concerned, you get the answer to everything from history.
What happened before? If we just look at the previous data, it seems that perhaps within 10 years, what you are saying about when the Nifty index should reach 500, it seems that within the next 10 years, we may reach it. We can reach there by 2033, it seems, according to old data, sir. If we are talking about the level of 50000 by 2050, then I would like you to understand that sector because you recognize growth, you recognize those things where the next rally is going to come, so which will be those areas where even if you do not want to tell the sector, you can tell these areas, in which areas the next growth will come and they will take Nifty to 50000.
Look, when we talk about the 50000 index and understand that we are thinking that yes, the index will become two and a half times within 10 years or double within six to seven years, if we take such a possibility, then broadly it should be understood that every sector will have to participate in this, otherwise the growth that will come, what we call it, will be lame-like growth, it will not be stable growth because if there is development, then there will be all- round development, only then it is considered real development, so to me It seems that all sectors will participate in this.
It could be that someone ran 4000 meters and someone ran 1000 meters. Some made more progress in some and some made less progress. But it will keep rotating and within the rotation. You should understand that if this continues for two years, then another sector will come in for two years because this entire game of 500 index that we are talking about will happen only when there is population growth and productivity growth.
All these things will participate in all sectors, sir, and later, more or less. Yes, I want to ask one such question which I know will get the best answer from you. People say that the prices in the Indian market are expensive and I think that you want to give a very good answer to this question. That is why I put this question for you, do you think so at all and what are you thinking at this time, at this level of the market, at this level of 21000.
See, you have to pay a premium for the premium quality of the thing. Understand this, when you go to buy a bag. Yes, understand that there is a bag of lai leaves, that bag is available for 1.5 lakh, 2 lakh, 2.5 lakh, a similar looking bag of yours, you can get it in the grey market for 000, but the billion dollar companies are not those small companies like Da Milan or any other small companies, they are not billion dollar companies, those big companies become billion dollar companies, so it means that you will have to pay a premium for that thing, I feel that this India is becoming a cult, this is becoming a fashion, this is becoming a trend, so you will have to pay its price, the price of Titan is different, the price of Rolex is different, so you will have to pay that premium and those who sit on the sidelines, who are fan seaters or those who miss it, then they think that India has become expensive, this has happened, that has happened, those who say expensive, they also wait for it to fall to 10, that if it falls to 10 then I will enter inside it, and even if it does not fall to 10 then I find out that first 20 But if it rises and then falls to 10, they will get into it and they will start thinking that it will become cheaper, so this is a mind game of cheap and expensive.
You will have to pay a premium for a good thing, you will have to pay a premium for a quality thing. For a retail investor, I would like to know one piece of advice from you. Our tagline is that we all love money. So, would you like to give a guru mantra to the retail investor to make money and how he should approach the market and his funds in the long term to make money?
Look at what you are saying, we love money, of course we love money, but money should also love money, it should not be on both sides, it will not be just one-sided. My advice to the retail investor is this: do not rush to earn money, consider it a business, do not consider it a game. My quote is that if you will treat the market as a game, it will reward you on your own perception.
If you will treat the market as a game, it will prove to be a game for you. Generally, when people come, they don't do any research, they don't do any homework. They come to gamble, to play games, without any knowledge, without any experience, without applying any formula or matrix, and simply buy this and sell that, buy it today and sell it tomorrow.
So, they work in a wired manner. They do n't work in an organized, disciplined way. This is what SEBI says: 10 out of 10 people lose money. So, the advice to retail investors is to treat it as a business. If you start a business, do you do your homework? What discipline do you apply? Do you work in an organized way?
You should approach the business in that way, with an understanding of business. Of course, the audience who likes you very much, the last thing they want to hear in an interview is that you write a lot of creative lines, you write lyrics, you write poems. So, if today, on the occasion of NDTV Profit Lunch, if you want to share something with the audience, something new that you have written, which also has a message, and There is a bit of entertainment as well and there is a very serious thing hidden in it as well which reaches them in a light manner.
If you want to convey something from your side, then I had written a song, I have released that song a few days ago, I will recite the lines of that song for you - invest after thinking carefully, do not waste time on rumours, do not waste time on tips, this is a business of knowledge and patience, learn from experience and do your best, so learn from experience and do your best, best perfect sir, thank you very much for giving your time today and for your conversation with NDTV Profit, thank you very much sir, thank you thank you
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