Monday, September 08, 2008
==>> Nifty can touch 4650..
Before the Indian markets opened, SGN Nifty was already trading above more than 190 points. In the same manner Nifty opened up 150 points and Sensex around 450 points. Nuclear Deal was taken very positively by the markets. Sensex opened up at 14978 previous close was 14483 and closed above around 3.50%. Nifty closed 2.99% up at 4482. For most the day both Sensex and Nifty traded above 550 points and 160 points respectively, but in the closing session both the indices dropped down a bit. Nifty has closed above 4440, thats a good sign. The reason why the markets have come off is only that the Investors still dont have confidence in the market. All the -ve news have already been discounted in the markets. At 4000 points Nifty, i have mentioned that this is the right time to invest in the markets and with the minimum investment period of 1-1. years, the result will garner good returns to the investors.
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