NIfty - Target 10000??

fcsa Updated   
NSE:NIFTY   Nifty 50 Index
I could be very wrong... but this is a possibility.

Please note that this analysis only addresses Price and not Time. I don't know when these levels will happen but I do think they will happen. Nifty could drop to about 100000 before rising to 12000+

The fact is that fundamentally our economy is getting into deep trouble with crude rising, the Iran issue (India is the biggest crude importer in the world), the falling Rupee , FII money flowing out, balance of payments issues, pre election handouts leading to greater inflation , plus other socio-economic problems and potential socio-political instability.

There could be interim opportunities for Long positions but the major trend is down till about 10000.

As I said, I could be wrong but that's how I think right now. Thought I'd share my opinion.
Trade active: Almost 400 points per lot in short trades since 15th May...
Comment: Nifty is on the way down... the economy is on the way down...
Comment: Aggressively shorting at every opportunity

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