Sensex To 12000

Sensex will fall down to 12000 shortly as correction is going. With in 1 week it will touch to 12000.

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.


Thanks

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.

I am agree with u today was just correction around 11000 can be possible....