Nifty in a range of 7800-8400 till next budget in 2015. Two biggest factor on the way are RBI rate cut and Budget in 2015. Before that it will be good buy the buy shares at reasonable prices. Market is giving one more chance to buy shares at good level.
It is buy to do shopping around nifty 8000. Right now it is trading around 8200-8300. It look like nifty may go maximum up to around 8400. It will correct to level below 8000.
On a Macro level US GDP third quarter is around 5% , which give investor new hopes in developed countries. This may be impacting on emerging countries Developing countries like India , still have huge potential and may grow on GDP of 7% in coming year.
