9th December 2011
Dear All
I have got lot of calls for my blog and Lot of people are asking me what’s my outlook on NIFTY
Nifty now trading at 4879.95
Downside: 3300 within 1 year time
Fundamental News:
Depreciating Rupee---- High Inflation------European Debt Crisis----Political Instability
What the Technical Tell Us
It’s a downtrend since Jan 2011…If you look at the chart (Red Curve) its forming a Rounding Top or Lower Top, so anytime the market can crash down to 3300 with maximum upside potential to 5100 to 5300.
(Please Note: The content of this report are based on my personal view)
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