I read the following about Nifty ,authored by a Reputed Tech analyst from Net.Very interesting.
Assuming,his predictions are correct,what could be the time frame to achieve it?
5/10yrs or earlier OR Is it only Wishful Thinking
Quote:
Rewind of my Long Term View Of Market
September 16, 2012 @ 9:29 pm posted by admin
I have given my opinion about the long term trend of this market way back during the end of 2008. This long term Bull market is expected to terminate around 15700, but predicting the time of achieving this target is quite difficult.
We are in perfect long term Bull Market from October, 2008 and Nifty has already tested the all time high in the year 2010 and was expected to correct to 4050, but it pulledback to around 4530 and movingup.
If Nifty manages to close above 5680 for 10 consecutive sessions, it will pullback once to 5350 to 5300, and thereafter it should not close below 5075.
If the above conditions are fulfilled, then it will move to 8150 – 9850 and final blow off to around 15700.
At this juncture, let us give our Best wishes to both Bulls and Bears for their action and we will piggy back the Winner.
Assuming,his predictions are correct,what could be the time frame to achieve it?
5/10yrs or earlier OR Is it only Wishful Thinking
Quote:
Rewind of my Long Term View Of Market
September 16, 2012 @ 9:29 pm posted by admin
I have given my opinion about the long term trend of this market way back during the end of 2008. This long term Bull market is expected to terminate around 15700, but predicting the time of achieving this target is quite difficult.
We are in perfect long term Bull Market from October, 2008 and Nifty has already tested the all time high in the year 2010 and was expected to correct to 4050, but it pulledback to around 4530 and movingup.
If Nifty manages to close above 5680 for 10 consecutive sessions, it will pullback once to 5350 to 5300, and thereafter it should not close below 5075.
If the above conditions are fulfilled, then it will move to 8150 – 9850 and final blow off to around 15700.
At this juncture, let us give our Best wishes to both Bulls and Bears for their action and we will piggy back the Winner.
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