i Develop Stocks Advisory

Sensex – Nifty Targets

The only concern on hand is that whether this is the beginning of the bear phases or unfolding of a new bull market….?

The Hon’ble PM and FM and reiterated that there is no change in economic fundaments and the current crisis is due to global clues clearly suggest that this is certainly not a beginning of a bear market. It is for sure an unfolding of a WAVE V of the Bull market with a new SENSEX target of 38000 by Dec 2009.

The views expressed is just a thought process of iDevelop and has no conclusion of a bear scam or evidence of such a scam. Logically you may find confirmation only when Nifty crosses 5500 in next 3-5 days and 6600 in next 2 months.

Every deep correction has unfolded a new BULL market and this time it is not an exception. This is because the commodity Bull run will last till 2012 and so the equity bull run and if you look at it from other angle FII may sell 3 to 5 bn USD stocks but they are not here to make complete exit. Eventually they want to raise they share in Sensex market capitalisation to close to 60% no matter if they have to invest another 100 bn USD for that.

Market may test lower levels before 31^st JAN in volatile moves and investors will do well by not going aggressively long in F & O whereas for cash stocks this is the best time because you can’t make the top and you can’t make the bottom.