Market (nifty) outlook

Henceforth I shall provide Nifty Outlook for the day/following day, in this thread.

Dev, Thanks for starting this thread. The title attracted me here and your name brought the credibility. Looking forward for you posts here. (being selfish - maybe it will reduce my effort in nifty analysis that I do everyday).

Happy Trading

Thanks a lot and eagerly looking forward.

When do we start?

me also waiting...

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MARKET OUTLOOK

Well, Nifty has corrected more than 10 % from its recent peak. Whats Next ???

Here is my view.

We are in a secular Bull Market. Primary and intermediate trend is Up as on date. According to me there is no weakness seen as far as primary trend is concerned.

I would love to watch 4500 & 3900 level with great interest for the year 2010. Until 4500 gets broken by weekly closing basis there is no threat for intermediate trend and subsequently 3900 for primary trend. If 4500 gets protected we can watch the level of 7500 by end of 2010. In any case and assuming the worst scenario as far as world market is concerned Nifty will not break 3900 level during 2010 – 2011.

By Apr 2012 Nifty can achieve 15000 Target at end of this secular Bull Market.

Thanks mr Dev Moorkerji and all the best for this new thread.

thanks for the incredible thread dev...looking farword to it...