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Sunday, June 24, 2012

Nifty is expecting to move to 5350 levels in near term

Nifty had shown string support near 4600-4800 level in past. It went several times but ultimately come up. This time also nifty again come to 5150 level. RBI is planning to take some good action against falling rupees soon. There would be some corrective action government will take to grow investment and control falling rupees.

FDI investment also soon come into picture. Crude price falling will boost up Developing economy growth.

As per our analysis nifty may rise up to to 5350 in short term.  When every body is selling it is good time to invest. Long term view of India is very bright and definitely market will improve and get a nifty target if 6500 by 2014.
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