Nifty: Chart ...range bound...

Wednesday, December 24, 2008

This is an updated chart from Dec 7, 2008;  Nifty continues to be range bound..between + and -10% of its 30 day moving average.  There being no significant news to  suggest an end of the economic downturn either globally or locally I expect a sharp decline towards the lower end of this range...pick out your long term favorite companies.  There is still lots of time to analyze and decide the winners of the coming few years.

Expect more rate cuts and fiscal stimulus...and SEASON's Greetings.

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