Question:

Professional help..kindly give be answer plz..?

by  |  earlier

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is it possible(it can)(it may)

.. the sensex(india) will reach upto 21000.. by this year end..

plz forgiveme if my english is poor..

i need ur answer..

faithfully..

donatekid

insurance consultant..

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1 ANSWERS


  1. Hi,  

    Undoubtedly possible(technically).Though global factors like high crude price,high food stuffs,food shortage,global recession(particularly USA) were greatly responsible in beating the market down hugely, it was mainly the technical reasons to have a corrected market.Technically(Elliott wave theory) market was at its 5th leg(downward).So,there is enough scope of the market to surpass that 21000 level in an upward 5th leg move.Only couple of factors such as downward crude price,good monsoon,good corporate results,good govt policies towards reforms etc will add fuel for starting a good up-move.

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