Technical view by Nooresh

Sensex to touch 23000 in 2013 and Nifty to touch 5500 in 2013

I dont mean to be funny by the above statement but you never know two different firms may say this !!


Over the next few weeks ( or for the last few weeks ) you would be reading or hearing Nifty to touch 6600 or Sensex to touch 23000 in headlines of financial websites , business channels or newspapers as now all brokerage firms will be shifting earnings estimates to next financial year so a lot of upgrades may come.


Dont be surprised the same statements to soon change to Nifty will touch 5500 and Sensex to touch 17500 in 2013 over the next couple of months if markets were to correct by 5%.


Well majority of the above reports are  views , projection on a lot of mumbo – jumbo of forward earnings and p-e multiples and changes every quarter ( maybe after having a Quarter your thinking capacity changes :).


Focus on what is happening in the markets and to your portfolio and do not get influenced by sudden good or bad reports :)   ---  Goldman sees Nifty at XYZ in 2011 and Goldman sees Nifty at WYX in 2012, Goldman sees Nifty at 6600 in 2013.


The reason everyone can do such dart throwing is because investors dont seem to have a good memory :) but a lot of sentiments !


Right now the markets are in an uptrend and will remain for some time which we expect is till dec end or little more post which we may review and for now trade quick and look to book profits slowly on investments done. Our last stance was posted here


The only reason to write this post is a WARNING for Investors to not get influenced by big targets set by broking houses, experts, sources  and stick to discipline. Avoid Over Leverage ( excessive Futures and Options positions )  and Margin Trading. Above all avoid the BBM rumour calls , Hot Tips on Penny Stocks, Sure Shot News and Multibaggers. Although many of above stuff may or may not work but its better to be safe than sorry….



Happy Investing and Trading,


Team Analyse India

Article by Nooresh Merani

Nooresh has written 2532 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

{ 5 comments… add one }
  • Neeraj December 5, 2012, 01:13

    Extremely well written and very very true!

  • rajan December 5, 2012, 06:54

    Nifty to touch 5500 or 6500?

    • Nooresh December 5, 2012, 12:39

      Read the full post rajan

  • Sundaram Iyer December 10, 2012, 20:02

    For the first time, we are seeing some views on stock markets, which are clearly written with an ethical views. I really admire you for this transparent and forthright projections and guidance. If all analysts follow such ethical and value based guidance; it would go a long way in investor education and safeguarding investors money. Really a good view. Best regards.


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