In 2017 Nifty Will touch 10000 - TradeBizz Research

BY THE END OF JANUARY 2017 WE NIFTY WILL BE COMPLETELY BULLISH DUE TO ALL THE RESULTS FROM MARKET WILL BE OVER & HOPES FROM BUDGET SESSION WILL LEAD NIFTY TOWARDS BULL.  

AS PM MODI HAS ADVISED BANKS TO PLAN & WORK FOR MIDDLE & LOWER ECONOMY CLASS PEOPLE AND GOVT IS ALSO TRYING TO BOOST CASHLESS ECONOMY BANKS WILL HAVE BATTER RESERVED CASH WITH THEM WHICH WOULD LEAD BANKING STOCKS TOWARDS  7% TO 10% UPWARD MOMENTUM.

This is an accumulate zone. Closer to the budget, last week of January most of the results, the events would have played and given how the rupee has been has been strong against dollar, given that the macros are going to be visibly at the best for the government I see no reason in being pessimistic now.

It seems, PM’s faux pas has got extended too far. We take more cognizance of how the finance minister has clarified at the earliest. It is just that the bears have got more emboldened with most global markets shut today to drive home an already weak sentiment. We know that the government may not be able to be in too much of positions till the end of the week but like we are saying 8100 to 8300 should be the range for the next week, ten days or maybe the next 15 days. 

This is an accumulate zone. Closer to the budget, last week of January most of the results, the events would have played and given how the rupee has been has been strong against dollar, given that the macros are going to be visibly at the best for the government I see no reason in being pessimistic now. This is very good time to be slightly more greedy and buy the fear because we think in the next few months you should be up and about and the economy, corporate, everything should be in a much better position than we have made it out to be now. 

The first half of January also being in a very big range till the results come out. These four  weeks are a very good time to average yourself out on every say Wednesday but come the end of January, it is extremely bullish. This would be the opportunity most of the news would be discounted macros would start to play up positively. Nifty is going to be giving you at least a 25% return from here till next December end so even now that 10000 seems really out of place I can actually stick my neck out and say that you should be at 10000 by next December 2017.

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