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Market down-down-down |
durgapurholdings
White Belt
Joined: 06 Apr 2009
Posts: 11
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Post: #1  Posted: Tue Jun 23, 2009 8:28 am Post subject: Market down-down-down |
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| TheNSE/BSE INDEX has now entered into the downtrend on 16.6.2009,confirmed strongly by 22.6.2009 down closing.The next downward level for NIFTY will be 4150 for 4 days,3650 for 30 days and worst 2350 with 6 months.Weak GDP prediction By World Bank,rising fuel cost, Booster dose by the Indian govt to the economy all signals a deep recession.Hence Bear market will last long.Though India will be the fastest growing in GDP as per World Bank estimation.But what will be impact of negative growth of USA and Jappan on the developing countries,remains to watch in near future. Lets hope for better......... |
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