Nifty Analysis – 11th September 2011

By on September 11, 2011 in Analysis, S&P CNX Nifty

Nifty continues to struggle. Recent price action suggests some short term correction ahead. Broad term trend continues to remain down in the market and once the short term correction is over, one can expect some sort of relief rally to set in before the down trend resumes.

, , , , , , , , , ,

2 Responses to Nifty Analysis – 11th September 2011

  1. Amol September 12, 2011 at 11:22 am #

    4000 – 4200 is a huge number on downside. Do you expect such levels? I was shocked to see you say that 4200 is possible :(

    Reply
  2. Raunak Agarwal September 12, 2011 at 4:37 pm #

    If I may reply.

    I think Sid’s analysis has to be taken in what context its written. 4200 – 4400 are long term fair valuation for the market. At times due to volatility these levels are attained very soon. This I feel is anyones guess as to when these levels would show up. However, there is no doubt that we are somewhere in the middle of 2008 kind of crisis and if thats the case, then things are going to get ugly sometime in this year or early next year.

    Reply

Leave a Reply