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Sunday, September 7, 2014

Nifty towards new high 8250 What next ?

Nifty is roaring toward new high , almost touch 8150 and return back with 100 points down. Does it have base building near 8000 or can go below ? It is having strong support at various level 8000 7800. Nifty still a good buy on every correction. As economy grow and India sentiment improve it will go high.

If we see Dowjones , FTSE and NASDAQ all these market are almost double of their 2008 high , while Nifty 2008 high was at around 6000.  We are still very below to double of nifty 12000.

If Indian economy grow , GDP numbers improve Nifty may touch 12000 in next couple of years.So stay invested !!!