morning thoughts...
The markets saw a jittery slip in the last hour of trade yesterday indicating a cautious move ahead of f/o expiry.
Technically the markets are well poised for a positive f/o expiry close to 8400 levels.
Bank nifty also look strong and the strategy remains to buy on dips.
On the lower side 8325 remains as good supports for the markets whereas 8450 will act as resistance zones for the markets.
Sensex at 40,000 by 2020. At 4,20,000 by 2030. These are the kind of predictions that experts like to make and investors like to read. It is the gold rush for multi baggers that everyone's energy is focused on during good times. And why not? After all, information on company financials is relatively easy to access, most managements are now more willing to speak and investment tools are at one's finger tips. So the risk of losing money is of lesser importance than following the predictions on big gainers.
Unfortunately while the predictions on Sensex can and will come true over time, not every investor will make money. The index moving from 30,000 to 40,000 to 4,20,000 is not entirely subject to the fundamentals of its constituents moving in either direction. For that matter not just the Sensex but even the BSE Midcap and Smallcap indices will move higher over time. But only a fraction of their current constituents will sustain or move into the orbit of higher market capitalization.
We foresee a big big move by 2016 - NIFTY CAN HALF FROM HERE
4800 NIFTY BEFORE 15000
www.astroeyes.blogspot.in
The markets saw a jittery slip in the last hour of trade yesterday indicating a cautious move ahead of f/o expiry.
Technically the markets are well poised for a positive f/o expiry close to 8400 levels.
Bank nifty also look strong and the strategy remains to buy on dips.
On the lower side 8325 remains as good supports for the markets whereas 8450 will act as resistance zones for the markets.
Sensex at 40,000 by 2020. At 4,20,000 by 2030. These are the kind of predictions that experts like to make and investors like to read. It is the gold rush for multi baggers that everyone's energy is focused on during good times. And why not? After all, information on company financials is relatively easy to access, most managements are now more willing to speak and investment tools are at one's finger tips. So the risk of losing money is of lesser importance than following the predictions on big gainers.
Unfortunately while the predictions on Sensex can and will come true over time, not every investor will make money. The index moving from 30,000 to 40,000 to 4,20,000 is not entirely subject to the fundamentals of its constituents moving in either direction. For that matter not just the Sensex but even the BSE Midcap and Smallcap indices will move higher over time. But only a fraction of their current constituents will sustain or move into the orbit of higher market capitalization.
We foresee a big big move by 2016 - NIFTY CAN HALF FROM HERE
4800 NIFTY BEFORE 15000
www.astroeyes.blogspot.in
