Dear SANJU,

We may see Nifty hitting 2970 within a few days and
bottom of about 2870 may not be too far away. Correction
may be over in October. However Dow may linger on months
near its bottom....

Dear coolboy,

Nifty has sustained below its very significant support of
3537. Nothing can precent its collapse first to 2970 and then
further down to 2870. cosmetic surgery of CRR cut may not help
the market except a brief emhemeral rally....

Dear wbuffett,

We cannot create the shape of rallies be it, Saucer shaped
or V shaped. However we can swim along with the market current.
Expert analyst can give a definite, fool proof short or long
term target for Nifty or for any given stock. Better to exit
at the target price despite the shape of rally and re-enter
at lower level again. That is the whole secret of successful
stockmarket investment.

Regards...

Hi vam,

That rally has fizzled out. Now even CRR cut can fuel
only ephemeral rally which may not be able to take Nifty
beyond 3415. When it fizzles now, it will take a deep dive
down to 2970. This target is likely to be within next few
days.

This savage correction is trimming and pruning the market
excesses. Once crash is over, market with rise with vigour
and fresh energy. We may see Nifty is five figures sometime
in 2012 for sure....

Pranavpichu,

I never said that it is bear market. There is no precise
definition of bear market. It is said that when index falls
for more than 25% for more than 12 months, it may be considered
a bear market.

I AGREE that 2016 may be very year for the capital markets.
But this assumption was based on the level of 10653 for dow
and 3600 for Nifty.

Ultimate time for ultimate crash may be delayed by 4 years
after 2016. ...

dear vam,

I do not know whether 7883 is the final bottom for
Dow but I am sure it is very close to the bottom.
Nifty also may not fall below 2700 level. Bear are
running out of steam. Fresh Bull phase is around the
corner. Within a few years we may see not only Sensex
but also Nifty in five figures....

Hi wbuffett,

Your views about dow and Nifty bottom are 100% right.

Dow may not fall below 7300 and Nifty may not fall
below 9000. These are very significant levels for both
indices.

However I differ from most analysts that bear market in
India will last 16-77 months.

Indian market will shoot like a rocket as never before.
You may see bottom for Nifty at about 2670-2800 range.
From here it will fly to 6000 within less than one year.

SURESH MITTAL...

Dear hindlevernet Maybe i was too overoptimistic on mkts. Though my 2 lot 3600 CE are in a loss of 4k right now , as u say if we sink to 3100-3000 the loss would be converted to a net profit of 1-2k ( my hedged position). So i am not worrying much at all. Though i missed that downward train this time , last week all my trades were bang on targets. Mkts are so volatile anything can happen , even the price fluctuations of CE and PE , i cant understand. Regards Rajat...

HI HLN, I DONT THINK NIFTY WILL GO DOWN TO 2970 IN HURRY, MAX IT MAY TOUCH 3150, MY TARGET 3800 BEFORE EXPIRY. MAY BE IN NOV OR DEC NIFTY WILL START TRADING SUB 3000 LEVELS. REGARDS SANJU...

i dont know any body seen my previous message of 4650 then to 2900 i strongly feel now 2900-3050 nifty we are nearing...

Dear HLN, The rally is fizzled out it seems, so we will again drift back till some other BS storeies emerge. before that we will touch 3200 on NIFTY. we will sure to see the five figures on NIFTY, the question is when ? I think we should build a base for 3 to 4 years then we may see that....

Dear HLN, Thanks for your reply. You mean bottom is Sensex 9000 (and not Nifty 9000 I suppose as you have written). If nifty goes to 6000 in one year of bottoming out, that will be great news for all india investors. However V shaped rallies never carried too far in the past and lead back again to violent corrections. Saucer shaped slow bottom index formations are more solid for long term bull markets. regards wbuffett001 ...

Dow futures are up 349.... poised for another run.... if hard profit takin don`t take place today.....could c panic buying..... huge money sitting on side lines..... look who is decoupling.....lol...

Bush has unveiled a BANK CAPITALIZATION PLAN , so thats the reason why DOW fut jumped up from 80-100 to 320 up. Lets see even europe is flying today....