Is 7500 base of Nifty for Next Rally ?

All are curious to know if 7500 is base for nifty . Or nifty will make new low or touch a 7500 again before move up.

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Nifty below 8350 What next ?

At this level of nifty there are no big buyer or seller in nifty. At every top level although there are few selling. FII are waiting for this quarter results , as it was expected there not going to be so well.  Results are pretty much expected in line.

Stocks are at right valuation to buy for long term.  Banking shares at their best price. Nifty already corrected more than 10% from their high. Still in Quarter result banks and auto mobile are still showing good sign of recovery . Very good positive result shown by Maruti.

Don't panic , market soon will return back from 8200 around and will start new season of buying.  Nifty will not in hurry to go to 9300 soon but it will make new high before end of this year.

India GDP Growth to reach 8% by 2017 as per world bank

As per world market India GDP to reach 8% by 2017. Whole credit goes to Oil price fall. Crude price will become a big factor for south Asia growth.
Such developing country wasting lot of money on crude oil import. As Price fall their savings increase and investment on infra will increase. As this investment grow , country GDP will grow.

New India Government also working hard in reducing subsidy or only logical subsidy . This also reduce government spending and money will save for infra , health and education sectors. In coming years government is going to spend lot of money in Infra ,health and education sectors. This will also lead in reduction of fiscal deficit.

All above factors add the GDP.

More room for RBI to cut rate in near future

As Food prices drive March CPI lower to 5.17% vs 5.37% in Feb , there is more rate cut room for RBI in coming month.  People are expecting 25 basis point cut next month.  Bank will also follow this time to cut rate. Expert are expecting 75 basis point cut by 2016.

This will lead to great news in consumer and industry profits and India GDP.  There are good future prospect for secondary market to grow and Nifty 10000 is not a dream in that case.

Long term investors should keep buying without any care of long term and short term hurdles.

Nifty in a range of 8350 to 9000

Nifty now in a big range of 8350 to 9000. Nifty 8350 is a big support and it wont break those levels immediately. Overall micro things are improving and Quarter result are also on the way . It is expectation that market will stay in this range for some time being still.

One should think of buying in this range because once 9000 range will break  nifty will touch new high. Also good fundamental shares will also touch new high. Buy Good fundamental shares like NTPC, Axis bank, SBI, Power grid, HDIL etc.

Nifty Post Budget 8200 or 9300

Nifty post budget depends how strong budget will be presented by Arun Jaitley. On a broader side there are high expectations . Budget will be mix of tax reforms , black money , make in India vision.

It seems to be good budget and nifty may stretch to 9300 maximum. After that there may be a correction .

For long term investor buying is always a good opportunity. This year it will be long bull market which see many rate cut in interest and see growth in GDP.  Long term nifty looking 10,000 by year end.

It depends are your trader or investor ?

Market this week depend on these factors

Market is already run high in last couple of weeks. This week is expiry week for contracts so there will be huge consolidation and don't see a new high this week.

Greece Election result and US-Indo business talk are main factor to effect market this week.

Nifty already standing above 8800 and run almost 10% from recent low of 8180.  There is a big chance that nifty may correct first then make a new high before budget.  Expert expecting nifty to touch 9500 by March'15.

So wait and buy good fundamental strong shares after small correction for a medium term to get good profits on your investment.

Nifty in a new range of 8050-8450

For nifty to make any move nifty have to break these ranges. It is a small range of 400 points.

Any side break can take 5% move at least. This mean if it break 8050 , it make go up to 7700 and if it breaks 8450 , it may go beyond 8700 levels and make new high.  Any ways India is in a big bull market range , so any lower side is good to buy. Buy good shares like SBI, Godrej properties, power shares , or PSU banks these are going to give good return in near future.

For future and options traders : Buy SBI 300 call at current price.