I am bullish on Indian market for next 2-3 years; see Nifty50 at 30,000 by 2027: Harshubh Mahesh Shah (2024)

“India is shining, and I am bullish on the Indian market for the next 2-3 years,” says Harshubh Mahesh Shah, Director - Wealthview Analytics Pvt Ltd.

In an interview with ETMarkets on the sidelines of IOC 5.0 in Surat, Shah said: “We may see a few bearish waves in the coming few months which could take the Nifty50 index to 19,600 level, but I am aiming higher targets 30,000+ in Nifty by 2027,” Edited excerpts:

Thanks for connecting with ETMarkets on the sidelines of IOC 5.0. We have seen a bit of volatility in the markets in the last month of the financial year. What is your take on markets for FY25 – what do the stars foretell?
Harshubh Mahesh Shah: India is shining, and I am bullish on the Indian market for the next 2-3 years.

However, we may see a few bearish waves in the coming few months which could take the Nifty50 index to 19,600 level.

But I will be a buyer on all dips as I am aiming for higher targets of 30,000+ in Nifty by 2027

How do you spot tops and bottoms using the Astro data?
Harshubh Mahesh Shah: Most people do not believe in the idea that we can probably find the ‘Top and Bottom’ of market but my study has proven right many times on social media.

I spot top and bottom through Moon cycles and planetary cycles using few software.

For example, you can always find huge momentum in markets around Amavasya dates. I have shared many logics around this for free on my social media with backtest reports (Instagram, Twitter etc.).

Accepting financial astrology is not easy but a new wave is emerging who firmly believes in the power of Astrology.

You are a role model for many traders that I saw at the event. How does it feel to become a REAL influencer?
Harshubh Mahesh Shah: I feel satisfied and at peace. When I started talking about financial astrology, people used to laugh at me but not anymore. Real Influencers lift other people by sharing logic with a practical approach.

I believe in the Power of sharing. Mr Sandeep Maheshwari inspired me a lot in my journey. I have shared many astro concepts for free with my audience which improved their trading performance.

That's why they show so much love towards my work and support my vision. Good karma always comes back. more you share, more you learn -- its universal law.

What role does the New Moon play in the astro charting?
Harshubh Mahesh Shah: The moon impacts our emotions which is also proven scientifically, and it does affect market as well. Those who don’t believe in it, please see the upcoming moon cycle dates April 8, May 8, June 6, 2024.

Do keep an eye around these dates and you will see huge momentum which will definitely make everyone believe that astrology indeed play a vital role in stock market.

Even if you mark Amavsya days high low on the Nifty charts, it works as a support and resistance in the market. I have made a system around this and shared on my social media.

What would be your advise to investors in the next financial year? What should be the ideal asset allocation?
Harshubh Mahesh Shah: Wait for dips to accumulate quality stocks in panic and forget it for next 2-3 years. Don’t put all eggs in one basket. 70% equity and 30% bonds is my favourite asset allocation for 2024.

Astro-based trading has become popular, and I am sure you are also getting a lot of queries. Are there any existing or new products that investors can watch out for?
Harshubh Mahesh Shah: If you check Twitter, many people are now openly talking about financial astrology. Its indeed becoming popular due to fantastic performance.

People are also reading about Mr. WD GANN who was a pioneer in predicting markets using planetary cycle and mathematics. Many don’t even know that he came Kolkata to learn Vedic astrology.

It's a long journey to learn financial astrology, even I am also learning and improving daily. Regarding products, we have a Financial Astrology Course (positional and intraday) where we teach regarding direction, astro levels, reversal day, momentum days concepts in a simple manner so that any beginner can gain and improve his skills.

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)