UpTrender
Short

2017 Recession Projection

NSE:NIFTY   Nifty 50 Index
The Nifty50 will begin the downtrend at around december 2016 and will continue so till september 2017!!!
Jun 09
Comment: dfgdfgd
Jun 09
Trade closed manually

Comments

Hi Uptrender, I would love it if this happens. By the way, whats the reason behind ? I don't have anyone opinion whether it will work or not, But I will enjoy that move for sure :)
Reply
UpTrender InsiderB
The major reason behind it is the US recession. and the current reason behind the downtrend of the Indian markets will be the disappointment against the RBI interest rates and the double top pattern is also a strong indicator. :)
+1 Reply
InsiderB UpTrender
Will US enter into recession ? whatever it is I will look forward for the downfall & for sure gonna love that when it happens !
Reply
UpTrender InsiderB
hehehe...yea me too!
+1 Reply


you can see this once
Reply
udaya.gujaran udaya.gujaran
This was prediction of Anil...and he is good in this
Reply
UpTrender udaya.gujaran
yea i agree with it, am just saying the downtrend will begin in december or you can say the day when the FED will raise the interest rate. As per my point of view, i think the highest peak the nifty could touch is ~9100.
Reply
I am skeptical about recession in 2017, I agree with downside but i look around 6400.
And then again rise above 10000 then i see recession fall, which can come around 5000.
Reply
UpTrender Imprimus
Why will it rise again after coming to the downside? Once it comes down, their wont be any reason to climb up again, as the US presidential election plus the FED rate hike is very close, and the stock markets has the well known behavior of being conservative n taking actions way before the action happens.
Reply
I agree with your projection... But let us first complete the uptrend.... I see this as major correction and looking for atleast double top.
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