Long time never posted any Index view, now also it is not any fresh view just a comparative study for everyone benefit as I have gone wrong in predicting 13000 low of 2010 and with just 6weeks only, failing in my view is very high. In Diwali 2008 had said it is going to rain in stock market and in 2007 November predicting stock market correction from 20,500 to 9700 levels and both predictions was done well ( working as Research analyst of ANADRATHI @ that point of time) few magazine and SUNTV covered. In stock market people remember your last call and not how many times one is correct.
Below picture was posted on 27/October/2008 and a list called Compact-15 was given- Old memory( That day was lowest for Sensex & Nifty in last 5years)
Diwali2008-Diwali2010—106weeks
Diwali2008 on 28/October/2008, Market made low of 60months or almost 5 years low on 27/October2008 7697 a day before Diwali 2008.Diwali2010 on 05/November/2010 –Market has seen highest ever close and Sensex closed 1st time above 21k -21004. To remind I had a Downside target of 13000 in Sensex in year 2010-after 22years of experiencing market and 16years of being professional analyst, Market is all about liquidity and fundamentals & technical’s played limited role.
NIFTY has taken 149weeks to make a all time high close from Jan/2008 to Nov/2010
