technical view.......
despite of all bearishness in world market our market able to sustain at higher lvl.compare to other Asian markets we not joined with them.see Dow and ftse able to save their last low made in July.but Nikkei,hengseng and other markets failed to do this.major reason for this is Nikkei joined later to complete it's c wave and other Asians heavily follows Nikkei.that is why they continue down and down..our market at present with the ftse and dow yes our chart follows their formations ,but major difference is we are strongest among these three.means in all world market we are strongest. this shows investor's faith in our market.
technically our market as well as Dow and ftse at sideways kind of market.ABC x ABC formation continue in all this three markets.
the lower range is 4160 4200 in nifty and 13800,14000 in sensex where you can buy easily. upper range is nifty 4550,4650.
fundamental view;....
bear market lower range is 14,15 PE band and upper range is 25 to 30 PE band.
at present we are at lower band of sensex PE at 14,15 near.
sensex this year earnings are 850 easily achievable and this estimate will give positive surprise to fund managers.
sensex next year estimate is 950 to 1000 EPST is giving us discounted target for sensex for lower band near 12500 to 14000 and for upper band 22000 to 25000.for next year march ending tgt.
our GDP growth will remain in the range of 7 to 9%,this is far more better than other emerging markets.except china.
our companies delivering good results and no any negative surprises till the date from corporates front.their estimated profit right on the tgt.
we are at the upper range of the interest cycle and inflation cycle so correction needed in all asset class.particularly in real estate,commodities and equity.
despite of all bearishness in world market our market able to sustain at higher lvl.compare to other Asian markets we not joined with them.see Dow and ftse able to save their last low made in July.but Nikkei,hengseng and other markets failed to do this.major reason for this is Nikkei joined later to complete it's c wave and other Asians heavily follows Nikkei.that is why they continue down and down..our market at present with the ftse and dow yes our chart follows their formations ,but major difference is we are strongest among these three.means in all world market we are strongest. this shows investor's faith in our market.
technically our market as well as Dow and ftse at sideways kind of market.ABC x ABC formation continue in all this three markets.
the lower range is 4160 4200 in nifty and 13800,14000 in sensex where you can buy easily. upper range is nifty 4550,4650.
fundamental view;....
bear market lower range is 14,15 PE band and upper range is 25 to 30 PE band.
at present we are at lower band of sensex PE at 14,15 near.
sensex this year earnings are 850 easily achievable and this estimate will give positive surprise to fund managers.
sensex next year estimate is 950 to 1000 EPST is giving us discounted target for sensex for lower band near 12500 to 14000 and for upper band 22000 to 25000.for next year march ending tgt.
our GDP growth will remain in the range of 7 to 9%,this is far more better than other emerging markets.except china.
our companies delivering good results and no any negative surprises till the date from corporates front.their estimated profit right on the tgt.
we are at the upper range of the interest cycle and inflation cycle so correction needed in all asset class.particularly in real estate,commodities and equity.
equity;....
corrected well and now fundamentally no need of further correction as its prices are fundamentally vary attractive compare to other world markets fundamental performence, at this lower p-e band no other market able to give good return equal to india..considering future growth of India and corporate performance money flow form world will start any time when their blocked liquid start to ease.at present fund managers main duty is to sustain our market at this lvl without more correction till the new fund flow start.
commodities;.....
commodities bubble finally burst and had started correction for at least six month time period.this will ease the inflation problem for our as well as all other world's emerging markets.this will result in interest rate down.and this will vary positive fornext coming years corporate performance.
real estate....
prices in Indian real estate are far out of reach for common people this is worst
problem for our economy now.in fact this will prove worst problem for next two three year for Indian economy.this will prove major hurdle for next year.land prices need to soft further.
