outlook for 2014, Saraswat said: "Markets are following long-term uptrend. In 2014, we expect Sensex to gain around 11-13 per cent, which means it has likely target of 23,000-23,700. Also, the downside seems limited up to 5-7 per cent, with Sensex having good support near 19,500".
"First half of 2014 will be highly volatile for obvious reasons like the legislative election, expectation of monsoon and tapering effect of US Federal Reserve. But the year end is likely to be 7,000 plus for Nifty, on back of growth returning, interest rates coming lower and inflation remaining benign." Bothra added.