Global Outlook:
The global economy is not completely out of recession. The recovery will take a long time and there would few leaps and bounds before the economy recovers fully. He presumes that the world economy will be out of the blues by 2011. He expects Sensex to touch 50,000 mark in the next five years.
2010 Year movements:
After 17-10-2009: Correction
05-01-2010 to 21-01-2010: Correction
02-04-2010 to 16-04-2010: Very Crucial
02-05-2010 to 19-05-2010: Market breadth Negative
30-09-2010 to 01-11-2010: Negative Trend
07-12-2010 to 31-12-2010: Panic among Investors
Market range seen in 2010:
Sensex: 13,200 to 18,500
Nifty: 3,900 to 5,500
Outperforming Sectors:
Pharmaceuticals, Energy, Banking, FMCG & Media
Commodity Markets:
It will maintain its upwards trend.
Gold range: 14,500 to 17,500
