As warned in last blog the market still sell on rise market .
The world market are going down on sub prime concern and rather than thinking on lines that central banks are lending money so it might get better...there is real chance that this may be tip of iceberg.
It wont be surprising to see another 10-15% correction world wide due to credit crunch and India even though with good growth rate remains susceptible for the same.
This may give real chance for bear market for short time till real domestic people pitch in the market.
The nifty downside target remains 4245-4150-4100-3900 in worst case.
However i don't see this picture for long time in India.As India has got domestic story which is intact.
So the nifty target for 2007 on upside remains 5100 once nifty closes above 4610.
Long term people can keep there cash bag ready for investment.
Short term trader can pray and play!
