i think from last close of 5200 nifty can go back to somewhere around 5100-4950 and then after some consolidation nifty will definitely touch 5300-5350
In next nifty may be touch 5400-5600 due to govt policy, quaterly result, new extation plan of companies but here main resistance is inflation. So market is slowly rise up to the target.
Hey,
Market can`t move in a direction. If so market shod 1000 or 100000
Move according to EPS(return on your investment) so market will range bound may be Between 12000 to 175000 on BSE
psu disinvestment shall give a momentum to the markets,budget is a caution for the medium term investors.conclusively nifty biased upwards in a normal range 5280--5350.
Market have several negative factors. Some compnies released unexpected results for 3rd qr. External factor also negative for equity market in India. Market will turn severe on bear control in the next few days. Holdings of equities highly risk and yield no or minimum profit. Book profit on holdings to stay in the market. NIFY will trade in the region of 5035 and 4895 on Monday.
The sharp drop in crude (& base metals) due to China`s actions is a very positive development for India - as these take the cost-push pressure off corporates to hike prices.
Lower commodity prices will help corporates to boost profits in Q4 and `2011 without raising prices - leading to a low inflation growth - as a result P/E ratios should also rise.
The spectacular drop in crude price sharply reduces the subsidy bill for kerosone and LPG - which helps government continue the investment in infrastructure.
| NIFTY 
