The earnings that we generally expect to grow by 14-15% every year, assuming the real growth of GDP to be 8% and inflation to be 6%. In the last 4-5 yrs the GDP growth has disappointed. That does not mean we believe the growth rate expected in future should be lowered, we still believe based on RBI and govt comments that India is a country where to employ the...
nifty at upper level of channel. we can expect a correction from 11000-11050 level.. further sustaining above channel after breaking out can take nifty all the way to 12000 levels which is a trend line resistance drawing last 2 peaks bubble peaks.
similar continuation pattern
breakout /230+ targets time frame -3 months 50% upside from current levels