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Moneycontrol.com >> Message Board >> View Messages >> Market Outlook - Short Term
   You are here :     Moneycontrol     MMB      Market View      Market Outlook - Short Term
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000 (657)   07-Aug-08 00:16Tracked by (79)  
Posted by:   joetom on ( 07-Aug-08 00:16 )Rating      
Dear HLN,

I am repeating what I said elsewhere, your predicting 3600 when the Nifty was in the range 5000-6370 is to be considered as achieved and you get the full credit for that. 5% difference is nothing for a such a long distance call. But, to go back below 3600 is likely if only we have some serious negative news. We have already had higher tops and higher bottoms in last few days. So, in my view market will go somewhere like 17500 and form double top formation, if it has to fall back again. If Sensex breaks above that level, we will be in the Bull phase and sure to touch previous all time high within a year.

Your patience to answer incorrigible Guest id's is really admirable. I can't stand them.

Best regards,
Tom
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