Nifty Range bound between 7800-8400 levels before Budget

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.

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 !!!

Nifty at upper level resistance at 7900

The best strategy in this market is to short nifty at 7900. Lot of trader and trading house believe that nifty highest level in this series only till 7850-7900. Once nifty reach those level , those are best level short nifty with a SL of 8000. One can easily get 200-250 points of nifty as a gain.

There is no near term news or breakthrough on positive side in market. As parliament going to start in winter session only. Before that insurance bill already pass to committee for further amendment. So in absense of any positive trigger in near future nifty may not able to sustain at these levels. Any slip below that bring down of 200-300 points.

Indian Stock market is Heading for Nifty 8000

There may be a budget rally before 10th July and Indian market nifty may headed for 8000 before that. If Budget would be having as per market expectation then we can Nifty around 8500. Great rally expected from Power, Engineering , Infra sector.

People are betting mostly on Infra and Power sector. New government is planning huge to invest in infra and power .There is lot of scope in terms of policy improvement and funding.