Thread: 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

Bhaisaab..... bottom line is that Arabian/Muslim countries ki karni hai ye sab.....
Can't u smell the world war around the corner....? Can clearly see the environment being developed in muslim countries against the western countries. ....

I thnk I got a bit off-topic

Ha, ha. I think we're all nuts to be trading in these markets anyway..
Paresh

Nifty lost over 150 points last Friday as expected. Dow also crashed below crucial 12000 line to close 220 points down at 11842. So expect further mayhem on Monday. Crude is playing jokes on everyone going up and down everyday by $3-5 almost on a whim. On a positive note: since MFs have started buying now, more buying can be expected when Sensex reaches 13700-14000 range. 14000 is just about 4% correction away so it could happen by Monday or Tuesday. But beware of bouncebacks because political news, global cues, and our inflation numbers next Friday will be catastrophic (adjusted ones will bring more bad news).
Paresh