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Moneycontrol.com >> Message Board >> View Messages >> Market Outlook - Short Term
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WILL NIFTY HIT 3600 & SENSEX TOUCH 12000 (506)   05-Aug-08 04:18Tracked by (77)  
Posted by:   LovelyGuy on ( 05-Aug-08 04:18 )Rating      
Dear Joe,

Market may move up to 16800 but will crumble. Do you think any economic data or environment changed so far? Okay, crude is down but at 120 but we are still bleeding. Crude was 60 an year ago. Fiscal deficit is going up. Inflation is not going up at a same rate as it used to be but it is still at 12%. The effects will be seen in September and December quarters. Bottom line profits are already coming down. This is simply a relief rally. My targets for sensex are 16850 max but on lower side 11500 as per minimum with Nifty levels between 2950 to 3500. I would prefer to sell off using this rally to get back to cash.

By the way the way he predicted (HLN) about 12000 almost 8 months before is truly a phenomenal achievenet. I have never ever seen such forecasts coming true in my life.

No criticism but just presenting my view. Please also go to a thread where there is a poll going on on have we seen a bototm: A small but Majority are with an answer of NO.

Best regards.

LovelyGuy
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