Conflicting Technical Take predicts a bull run of 42% to a Nifty of 4250 inside six months

Ooof !…Yes,I’m not a Technical Guy…but just received another Tech Report from a leading listed Broker,who just laid off 70 people on Thursday….It’s a conflicting and bullish view

It predicts that the Nifty will surge 42% to 4250 within Four to Six Months from now….that would mean a Sensex Level that goes past 14000 again in the first half of 2009

Such Conflicting Views at either end of the Opinion and Prediction Spectrum are the Challenges one confronts often in Equities….That’s the Beauty of Equities…there is always a Buyer and a Seller at a point….as Warren Buffett would say “Who says Market’s are Efficient !?”….and that’s the reason he finds Value at times…such as like this  

2 thoughts on “Conflicting Technical Take predicts a bull run of 42% to a Nifty of 4250 inside six months

  1. SOME BIG BOSSES-BIG GUNS NEED SELLING CUSHION—HENCE ANALYSTS BEING PAID HEAVILY TO REPORT BUYING OPPORTUNITY AND BOTTOM FISHING TO BURN RETAILERS FINGER…TRUE TO HEART ? PL. TELL…

  2. Hi Ramesh…thanks for responding

    First of all I will not unduly boost egos and give credit to such technical analysts as I don’t think they are so popular and influential so as to be paid heavily for giving a strong bullish call

    Secondly I don’t think Retail Investors are going to be sucked into any sucker and pull back rallies…many are likely to follow their Equity Portfolios to the ICU !…have they got any fingers left to be burned !?

    Most “Stock Experts” and leading Brokerage Houses explained yesterday’s 500+ point rise in the Sensex due to China announcing a near US $ 600 Billion package for boosting Infrastructure….as I respond to you here…it’s past noon and the Sensex is down 481 points…wonder how they will explain this reversal today !

    Cheers !

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