September 11, 2010

NIFTY OUTLOOK FOR 2010 -RAJESH JINDAL

HI FRIENDS ........... NIFTY TRADING AT 5640.05 ALMOST AT YEARS HIGH.... MAKING NEW TOP EVERYDAY ... SO ITS BIG QUESTION IN MY MIND THAT WHAT WILL GONNA HAPPEN IN FUTURE AND I THINK ITS BIG QUESTION TOO FOR EVERY INVESTOR AND TRADER .






WHO IS IN GOOD PROFIT (VERY FEW PPL ) ALSO THINKS ON DAILY BASIS THAT RATHER THEY BOOK PROFIT OR SHULD CARRY THIER LONGS . TRADERS ALMOST EVERYONE IN SOME FEAR AT THIS LEVEL FOR LONG TRADES. ME HIMSELF HAVING HUGE (HUGE FOR ME AS I AM VERY ORDINARY PERSON ) PORTFOLIO WHERE PROFIT IS VERY GOOD AT THIS LEVEL . I DO TECH ANALYSIS ( WITH MY LITTLE KNOWLEDGE ) TIME TO TIME TO CHECK MARKET CONDITIONS ( I M VERY POOR IN FUNDAMENTAL ANALYSIS ) AND TO EARN MORE MONEY . I KNOW ABOUT MY LIMITATIONS AND ABOUT MY ACCURACY (ONLY 60-70%).





SO I WANT TO DISCUSS THIS WITH ALL FRIENDS THAT WHAT THEY THINK ABOUT MARKET AT THIS LEVEL AND FOR THIS YEAR END AND I WANT TO GIVE MY VIEWS TOO TO ALL FRIENDS.





MY VIEW TECHNICAL BASED - NIFTY WILL NOT BREAK 5250 LEVEL IN ANY CONDITION ( MONTHLY CLOSING BASIS ) MEANS ITS NOT GOING TO CLOSE BELOW 5250 IN SEP , OCT , NAV AND DEC ..SO BUY IN ALL DIPS IS MY TRADING MANTRA FOR INDIAN MARKET BUT PLEASE TAKE YOUR KIND ATTENTION THAT I AM NOT SAYING THAT ANY TYPE CORECTION OF 200-300 POINTS WILL NOT COME IN NEAR FUTURE . IT MAY BE POSSIBLE , BUT I M HAVING DEEP FAITH THAT MAJOR CORRECTIONS WILL DEFINATLY NOT COME IN THIS YEAR AND MY TARGET FOR NIFTY IS 6000 -6050 TILL DEC END .



MY STOCK PICK AT THIS TIME – BUY JPASSOCIAT , DLF , TATACHEM , BHARTI , TATA STEEL , SBI , M&M AND IDBI BANK ON EACH AND EVERY DIPS .





ABOVE WRITTEN VIEWS ARE MY PERSONAL VIEWS AND BASED ON MY STUDY , IT MAY BE 100% WRONG , SO I AM NOT RESPONSIBLE FOR YOUR ANY LOSS OR PROFIT IN ANY CONDITION , PLEASE DO YOUR OWN RESEARCH BEFORE ANY TYPE OF TRADING DISCISIONS BECAUSE I ALREADY SAID ABOVE THAT MY ACCURACY ONLY 60-70 % .