Sunday, November 6, 2016

Nifty Target 28000 by 2029, God Willing

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector

    Long Term Outlook

  1. A 17000 points rally is due in Nifty50 index;
  2. It's likely to achieve 23000 by 2024;
  3. The Indian Economy is likely to achieve a GDP growth rate in double digits in the 2020s

    Medium Term Outlook

  1. A deep correction is due in Nifty50 index, much below 7857;
  2. It's likely to bottom out by Dec 2017, or before;
  3. The issues in World Economy, are likely to eclipse Indian Economy, in the short run

    Short Term Outlook, valid till Wed, 11/09/2016 EOD

  1. As long as Nifty is below 8557, it's in a tailspin and might target 8273 - 8247 range;
  2. But as long as 8373 is safe it could stage a corrective bounce towards 8497 - 8523 range and above - intraday;
  3. The very short term bias, strangely enough, is positive!

Next update on: Wednesday 11/09/2016 evening. For clarity of context, please read previous posts. Thank You.