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Thread: Nifty headed to 4000 - 4200

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12th June 2008, 09:40 AM

pkapadia

Join Date: Aug 2007

Location: Pune, India

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Nifty headed to 4000 - 4200

Following is an excerpt from CLSA report of 8 June 2008:

The index (NIFTY) has attempted a rally off the lower boundary of the triangle pattern that has developed since the January lows. Nevertheless,
our preferred view for this market is a retest of the August 2007 lows, around the 4,000 mark. A break below 4,448-4,500 would support this view that a decline towards the August-2007 low was underway. We would be tempted to bargain hunt in the 4,200-4,000 range.

I think we need to start our own list of stocks to own in our portfolio. I would do that later today and invite everyone's comments.

Paresh

The Following User Says Thank You to pkapadia For This Useful Post:
punnu (23rd June 2008)

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STOCK DISCUSSION/MARKET BUZZ

Discuss Your Favourite Stocks. Talk about market buzz/rumours, stock tips, advice. Note: Please discuss a particular stock or sector in one thread i.e. one topic per thread.

Discuss Your Favourite Stocks. Talk about market buzz/rumours, stock tips, advice.
Note: Please discuss a particular stock or sector in one thread i.e. one topic per thread.