The market is showing an element of fight despite bad news, said Atul Suri, CEO of Marathon Trends-PMS, in an interview with CNBC-TV18.

“We are in for two very good years. The year going ahead could give about 13,500 or so on the Nifty which is about 18-20 percent upmove. I feel the time has come, the market breadth is widening, the market is putting up a fight and hopefully we should have two good years ahead,” he added.

He continued: "We will have a small and midcap rally but that doesn’t mean that the largecaps or the quality or the ones that have moved are going to stall.”

On individual sectors, he said: “In this market, last 1-2 years have been difficult but there have been sectors; look at insurance, look at AMCs

On specific stocks, Suri said: “If I told you last year that the headline news or the sector in the storm is going to be real estate and the best performing sector index is going to be real estate. It’s such an irony. I personally find that very interesting.”

He added: “Stocks that execute well in difficult times, stocks that do well in falling markets are leaders of the next bull market. I would like to go for two real estate stocks — Godrej Properties and DLF.”

“I personally think that real estate is something that is in the eye of the storm. Some of these guys are holding out and when things stabilize, I feel these guys will go on to be market leaders. Therefore, I would go with that space,” added Suri.

First Published:Oct 27, 2019 8:20 PM IST