Last Six Months Stock Market Movement (Bullish Move) can be classified
as ANTICIPATION, LIKELY, ACTUAL.
ANTICIPATION: - Four State Elections in last quarter of
2,013 gave clear verdict to B.J.P. & Mr. Narendra Mody. From that time People
of India anticipate there is change in Centre and Mody will be P.M. (Seed of
Bull Market sown here)
LIKELY:- In Exit poll
N.D.A. Indicating 272 Seats.( Fuel in fire )
ACTUAL:- ON 16TH
MAY 2,014 B.J.P. got 282 seats Single party Majority after 25 to 30 years.
From This
Anticipation to Actual process Market rallied 7,000 points On B.S.E.& 2,000
Points on N.S.E. In last Six to Eight Months.(Market Rally from On 19,000 to
26,000 On B.S.E & 5,700 to 7,700. On
Nifty.) ON GOOD FUNDAMENTALS.
Now Fundamentals also change dramatically.
Due to AL—Neo. At present we are facing weak Monsoon.
Iraq Issue gives rise to Oil price & Inflation.
Joker in Pack is
Fiscal Deficit. Last Government Interim Budget Fiscal Deficit is projected
to 4.1% to G.D.P. Now big question is whether this Government agreed with this
figure. And above mentioned things (drought & Inflation) will make it
difficult to keep Fiscal Deficit under control. And this is a big worry to
Foreign Financial Institution.
And as per Technical Count we are in last leg of UP MOVE. On Nifty 7,850 to 7,900. Strong
Resistance. And if Very good Budget then 8,050. from there 500 to 600 points
fall is visible. First 7,500 and then Around 7,250 to 7,300. Here BOOK PROFIT
& BE ON CASH.
Here I feel New Up Move in Market will start after
Substantial fall In this fall Nifty will come down to 6,500 to 6,800 &
B.S.E.22,000 TO 22,500. from here Multi Year Bull Market will Start and its Up
Target is 33,000 to 35,000 on B.S.E.& 11,000 On N.S.E.Minimum.
So be on cash to pick up quality stock at throw away prices.
ECONOMIC EDUCATION & FINANCIAL AWARENESS IS THE MAIN
GOAL OF THIS BLOG.
Readers can
share their views on ashishthakur1966@gmail.com
&Mob.+91 9819729508 (Time.7 to 9.p.m.)
Disclaimer:- This Market view is given for
M.B.A.Finance Students. Any Market buying or selling is done on basis of this
write up and if there is any loss. Neither this Blog (write up) nor Ashish
Thakur is held responsible for same. Pl. Note. Before taking any Buying or
Selling position Pl. consult to your Financial Advisor.