Sensex (2007 -Till Date)(Click to enlarge)
Scenario 1-A decline from here on for 5-6 months and then the biggest bull run of India with targets of 40000-50000 and possibly even more.
Scenario 2-We move in the range of 12000-18000 for another 2 years and then the biggest bull run of India starts for targets of 40000-50000.
Why 40000-50000? I explained in my Elliot wave theory that stock Markets move in 5 waves and India is currently in its 2 wave so when 2nd wave completes 3rd wave will start which is the strongest of all according to Elliot wave theory which enforces me to say the best is yet to come.
The best time is yet to come for India.-Why? I believe the Law of Nature is you can only make big money in any field if very few people believe in that and most of the people are criticizing it.
Take an eg of IT Industry 15 years back ,India story 10 years back and currently Indian Stock Markets .
Note:All the above analysis is based on Elliot Wave Theory which I explained in my previous article.I will revisit my analysis if we move above 18000 in next 2 months.
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