Also Read | Investing during all-time highs can be good strategyMarkets closed last year with remarkable gains of around 16 per cent, but will the winning ways continue in 2021 as well?According to Hemant Kanawala, Head - Equity, Kotak Mahindra Life Insurance, "If 2020 was a year of COVID infection, lockdown and recession, 2021 will be a year of vaccination, reopening and recovery."Analysts are optimistic about the road ahead for the equity market but added that the quantum of rise would depend on multiple factors.Markets may see profit-taking ahead followed by consolidation initially but analysts expect the prevailing uptrend to continue in 2021 as long as there is no resurgence of COVID-19 cases and consequent lockdown.Another important.