Nifty Index Outlook for 2-6 January 2012

Happy New Year 2012 to all Site readers.

2011 came to an end on dismal note with Sensex recorded its second worst performance in the last 14 years, second only to 2008 .BSE and Nifty is down 24%  making it one of the worst performers in the global stock markets.  The real pain is in DEFTY ie. Nifty is Dollar term which is down 43% attributing to the Rise in INR of 19%. Foregin investor have seen there portfolio value eroding by 43% which has left a deep black hole in there pockets.


Below is Month on Month Performance of Nifty down 24% in absolute term
JAN 2011 Nifty -10.2%
FEB 2011 Nifty -3.1%
MAR 2011 Nifty +9.4%
APR 2011 Nifty -1.4%
MAY 2011 Nifty -4.8%
JUN 2011 Nifty +3.2%
JUL 2011 Nifty -2.9%
AUG 2011 Nifty -8.8%
SEP 2011 Nifty -1.2%
OCT 2011 Nifty +7.8
NOV 2011 Nifty -9.3%
DEC 2011 Nifty -4.3%

 What to expect out of 2012

I am a firm believer of History and Chart pattern repeat itself .2012 being a leap 

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