April 17, 2014

Sensex @ 40000

CLSA says that as per technicals the BSE benchmark Sensex is all set for 39,707 level, an upside of over 75 per cent from its present level of 22,330.80 over 12-24 months. 

My view: I am expecting a breakout in 2014/ 2015 and we will have a rally similar to the one in 2003-2008 when the nifty shot from 1000 to 6000.

Also, swing traders and investors will make far more money than day traders. This is true of all markets.

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