Nifty continues its bull run without any doubt about its target. After breaking 8500 levels nifty has touched a fresh high of 8900. 400 points gain within a few trading sessions. Nifty can easily touch 9000 in this bull wave. 9300 can be possible if we receive fresh capital inflows to India.
Global investment bank Citigroup in its latest report raised the December-2015 target to 9,850, at 16x Dec16. UBS raises Nifty target to 9,600 for 2015.We may overshoot the above mentioned targets and shoot up to 10000 mark considering the favorable economic situation.
However, it is not a good time to enter into market as most of the stocks are at 52 highs and above. We need to wait for some correction. Today nifty shown a sign of not ready to correct at current levels. We need to wait for few trading sessions understand the future movements and direction of the market. Be ready to book profits in this week itself.
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