Global and Indian market forecast for 2010 .

#1
What will be 2010 like ???. how much shall nifty or sensex fall or rise ? how shall the sectors perform.......what are your forecast for currency,gold,oil etc etc...........

I request everybody to give their forecast in this thread .............(how radical or silly ,let us have it).and let us have some discussion on it...........you can always come back to check your forecast and pat your back......
 
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#2
From January 05 ,2010 another burst of energy will carry Nifty up to 5625 which shall occur during middle of August 2010.January will be a bull month which shall break the resistance level of 5329 and 5439.

From August the market shall see a correction which shall take nifty up to 4096 in November.
Metals ,agro and energy will the leaders. The boom in commodity will be caused by increase in demand by a buoyant world economy and hoarding by cash rich country like China to disinvest its paper dollar surplus

Underperformers will be the real estate,infrastructure sectors and the banking sector which will be subject to volatility caused by the frequent monetary and fiscal taken by the Reserve bank to control inflation .

Oil will cross 80 in the first week of January 2010 and reach 100 by end of January 2010 and will be in the range of 120 to 140 for the whole year.

Gold will not go down below 1040 and shall trade between 1040 and 1156

Euro will have the steepest fall and by the middle of 2010 shall precipitate a crisis in European banks
Dollar will be the fastest rising currency.
World Markets will start to decline by august 2010 and the trigger will be caused by Bank of Japan increasing its interest rate which shall unwind the carry trade.
 

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