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Sensex To 12000

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  #1  
Old 6th March 2007, 05:53 PM
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Default Sensex To 12000

Sensex will fall down to 12000 shortly as correction is going. With in 1 week it will touch to 12000.
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Old 6th March 2007, 07:37 PM
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Default Re: Sensex To 12000

dear ankit

Quote:
Originally Posted by Ankit Jain View Post
Sensex will fall down to 12000 shortly as correction is going. With in 1 week it will touch to 12000.
how?
do you have any connection with FIIs?

technically prove it here....using charts

have a nice day
JB
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Old 6th March 2007, 08:03 PM
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Default Re: Sensex To 12000

Quote:
Originally Posted by johnbest View Post
dear ankit



how?
do you have any connection with FIIs?

technically prove it here....using charts

have a nice day
JB
50% retracement level from june to Jan high comes to 3415. one more thing historically markets seem to hav touched 38% and only then change its course. 3415 on nifty means below 12k.


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Old 6th March 2007, 09:08 PM
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Default Re: Sensex To 12000

The correction in the domestic market was in line with expectation. In the last four years, the market has run a lot with the valuations remaining too high and overstretched. The PE stood at 18 times the FY08 earnings at 14,700 levels which was considered expensive. So a slide-down from that level was necessary and the market had to come down. Now the market is heading towards 11,500-12,000 level, where the PE will be 15 times FY08 earnings, which will be considered as fairly valued.
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Old 6th March 2007, 11:46 PM
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Default Re: Sensex To 12000

Quote:
Originally Posted by Ankit Jain View Post
Sensex will fall down to 12000 shortly as correction is going. With in 1 week it will touch to 12000.
I am agree with u today was just correction around 11000 can be possible....
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