IT IS VERY IMPORTANT TO UNDERSTAND THE GLOBAL ACTION IN PLACE WHILE ATTEMPTING TO INVEST IN THE MOST PROMISING COUNTRY LIKE INDIA.
THE ECONOMIC GROWTH RATE IN INDIA TO SURPASS 10% OVER NEXT 5 Yrs FROM CURRENT 7% WITH THE KIND OF REFORMS IN PLACE AND HUGE FOREIGN DIRECT INVESTMENTS IN INFRA AND POWER MAY TRIGGER THE MUCH NEEDED RIGHT KIND OF STIMULUS DESPITE GLOBAL UNCERTAINTIES. THIS INTURN GENERATE HIGH CORPORATE PERFORMANCE THAT MAY TAKE NIFTY TO NEW HIGHS IN NEXT 2-3 Yrs.
AS SHARP DECLINE FROM 8333 TO 6825 HAS TAKEN AWAY THE STRENGTH STORED IN NIFTY FOR A SERIOUS UPMOVE ABOVE 8080. NOW UPSIDE CAPPED CONSOLDATON IS ON THE CARDS.
THE ABOVE ILLUSTRATED MONTHLY CHARTS SHOW THAT FURTHER FALL CAN BE EXPECTED UPTO 6500-6600 REGION. THE LONG-TERM PROSPECTS SAFE, SO THE BULLS DOMINANCE IS IN FORCE, SO IS THE UPMOVE WITH REASONABLE TIME WISE AND PRICE WISE CONSOLIDATION.
NIFTY ENJOYED A DECENT CONSOLIDATION BETWEEN 4770 ON 04-06-2012 AND TOUCHED A HIGH OF 6112 ON 28-01-2012, THEN NIFTY TOUCHED A LOW @ 5119 ON 26-8-2013 ON WEEKLY CHARTS, THEN TOOK A BIG LEAP AND CONTINUED THE UP MOVE TILL IT TOUCHED ALL TIME HIGH OF 9119 ON 02-03-2015, THIS UP MOVE JOURNEY CARRIED FOR 80 WEEKS AND PRESENTLY ON CONSOLIDATION ACTION!
WHEREAS, SENSEX TOUCHED 15810 ON 14-05-2012 ON WEEKLY CHARTS AND CONTINUED THE UP MOVE 80 WEEKS TILL ALL TIME HIGH OF 30025 REGISTERED ON 02-03-2015,
THE FOLLOWING CHARTS PROVIDE SOME IN-SIGHTS TO UNDERSTAND THE GLOBAL STOCK MARKETS ACTION IN DEVELOPED COUNTIES LIKE USA, GERMANY, UK, FRANCE, JAPAN AND HONGKONG.
THANKS TO DATA/CHART PROVIDERS WHO MADE THE HISTORY VISIBLE TO VIEW AND PREDICT/PROJECT FUTURE COURSE OF ACTION.
https://www.linkedin.com/pulse/article/stock-markets-over-decade-global-action-nageswara-rao-bammidi/edit?trk=pulse-art-edit_btn
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