Time to take a call

"One eye-witness is of more weight than ten hearsays."

- Plautus

"Courage is what it takes to stand up and speak; courage is also what it takes to sit down and listen.”

- Churchill

I know it might sound as if somebody is trying to get noticed here. No such effort. Just weigh the evidence that I am putting in front of you. In my analysis and mind you it is not an opinion, the market will reach the levels of 6500-7000 in the next 9-12 months. 

The market from levels of 6500 went into a downtrend which ended at 2500 levels. There it formed a double bottom. The index has formed a rounded bottom from September 2008 to May 2009. Now it is all has formed a consolidation triangle and a breakout. Market over the medium term is all set to achieve the height of the formation ie 2000 points from the breakout level ie 4500-4800 which provides a target of 6500-7000. It is a very simple and basic but a very effective and accurate analysis of probable Nifty move.

Also the first phase of uptrend and subsequent halt/correction is over. Now the next move which will begin should be the longest one followed by a medium term (1-3 month) correction. Thereafter a period of highly speculative move would begin marked by huge exuberrance and low quality supply of paper. That will mark the end of bull market (In my opinion we are far away from it) 

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