Tuesday, May 13, 2014

Nifty achieves our target of 6890,Nifty hits 7000 mark as predicted by us on March 18th.

Nifty Update : Nifty achieves our target of 6890 envisaged on March 18.Since Oct/NOV 2013 we been very bullish on markets & recommending buy on dips.We said that Nifty will not breach 5944 & strong govt led by Narenda Modi will see bulls achieving dizzy heights .We have been bullish on market & predicting Nifty touching 7000 levels on account of change in govt.Exit polls are also pointing towards Narendra Modi led BJP forming stable govt at center.Nifty may face minor resistance at 7310-7325.Should Nifty close above 7310-7325 for two consecutive days & coupled with weekly close of 7325 we can expect levels of 7930-8160 by May 30th.Going forward,Narendra modi has tough task on his hand to fix the economy.Post 16th May, exuberance will temper down as market will realize that it has run ahead of fundamentals.However govt formation & upcoming budget of new govt will keep animal spirits high in the market & we may see unexpected level by month of June-July.Now focus will be on 16th May.If  exit polls results collaborate with actual results ie BJP gets 240+ & NDA gets 280+ we can expect revival in the economy & investment climate will dramatically improve.GDP growth,Inflation & infra bottlenecks will be prime the focus for new govt..Subscribe our Advisory services for profitable trades in Nifty,stock Nifty & equity.All trades are given with risk management and fund management with 3d strategy of Technical,fundamental & psychological analysis.For advisory services click - http://www.acestocktips.com/ShowCategory.aspx For daily nifty trading levels with Ace Trading Table check out www.acestocktips.com

No comments: