“You don’t have trending markets, you have sideways markets and that is why you will have these cases of ‘Kabhi Khushi Kabhi Gham’,” said Atul Suri, CEO at Marathon Trends-PMS in an interview with CNBC-TV18.
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There won’t be runaway trending winners in the markets, he said. He believes market currently is in a consolidation phase.
“2022 will be a tough year of muted returns,” he said.
He feels Brent crude will cross USD 100 per barrel and could head to around USD 115 per barrel, which is about 15-16 percent upside.
According to him, real estate is under-owned, under-loved space. One requires a lot of patience and a big amount of gut-ability to see 15-20 percent drawdowns. It is an interesting space but requires immense patience, he said.
For the full interview, watch the accompanying video
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