Bear market - Nifty most probably will come to 4500 - Target 2011 - 2012

I feel, Nifty will most probably come to the level of 4500 levels, either in the end of 2011 or in the first half of 2012.

I feel 5000 - 4750 - or the two major supports and the third support is 4500 , if it breaks 4500 then there will be severe downside, as i mentioned in a previous thread.

Nifty and other world markets are in severe times based correction.



Nifty monthly chart

Nifty Quarterly chart

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Monthly chart and quarterly chart

In the monthly nifty chart the bollinger lower band is 4500 and in the quarterly bollinger band 4500 is the middle line. so 4500 level could act as a major support , but if it broke in anyway then nifty will touch 2000 levels

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3500 level in nifty could be achievable in 2012

3500 level in nifty could be achievable in 2012

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