Where Nifty can Go

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.

Looks you are trapped in longs above 5900

Nifty at 15700? OmG!.. I wonder how analysts make these kind of Targets...( if at all these things are from an analyst..) when there are a lot of things lying inbetween....

Predicting these kind of unfathomable targets.. means that.. the term technical analysts means.. Soothsayers.. :lol:

Can you please give the link for this article ?

Our TJ member Dev Mookerji seems to have similar views.

Forum rules says NO
But nothing Impossible

pt,
I am unable to get you

Contradictory. If it is an article in a news based site or something then ok. If it is in some other forum then no.. Sigh !.

PT bro's view point is that.. since then you are holding long positions..

You try to pacify your mind or justifying your long positions...against the gap down opening tomorrow..(due to the adverse political happenings)

==quote===
"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."
==========


what!!!!!!! ? 15700

Does that mean, we are going into unfathomable inflation !?

I guess, that could not be entirely impossible, look at Zimbabwe currency...

finally all newbies dream will come true, they can make 1 crore in 10 trading session
but they will need 50 lacs to pay their rent !

Am not sure how accurate analysts view is but am quite sure on the following:
Future is godamn unpredictable, it always eludes the average mind and brilliant mind !
Future is going to be OUTRAGEOUS & exciting!

so yeah, big derivative bubble is ticking, when it goes off, USD *will* collapse...
a robot revolution in tech industry is pending (like in the movie iRobot),
a tech world of abundance can dawn on us, when AI/automation takes over all production...

geez guys am awake and NOT dreaming... above words are on their way to turn into reality.

Bro aise Bakwas articles and views sirf un logon ko atche lagte hain jo hugely trapped hote hain if you see the reality

Govt ek taang par khadi hai

corruption level at peak

Fii searching an exit that can save them from being bankrupt

DII MF and insurance companies are crying on every rise above 19000-20000 redemption pressure would be so high that no one would be able to handle

At this level most of advisor getting redemption of laks daily including me

Debt funds and Fd is choice of whole of india and no one is ready to listen what is inflation and depreciation etc

IF there is no buyer who would buy this FII upmove after all they would want to book profit too to show that is in books

Debt funds giving 11%+ return with whenever exit window and sure no LOSS

so instead of dreaming read my signature and this signature is for next two years:thumb::thumb::thumb: