Tuesday, August 27, 2013

Panic Attack By Bears

Panic Attack By Bears

Big congrats to wiTdom fan club.

Dear reader rupee hits all time low of 66 and Sensex crashed today by 600 points.
It’s time to tell to the world “We Told you so “.
This has send fear within the spines of the bull camp.
Witdom bearish stand continues. We expect Nifty to break 5250 and move towards 4800.It’s proud moment for witdom technical desk which projected this crash using our charting methodologies.
We are expecting GDP to fall to 4.5 % .GDP may fall to 3.8 % in coming quarters.
Slowing industrial IIP, weak economical fundamental is going to add pain to the system.
In fact wiTdom was first to warn about this system shock.
This may provoke S&P to down grade India to junk Status.
We expect war like situation in Syria where America is going to interfere. We expect crude and gold price to spike up. This may add to woes of Indian economy.
Situation in Italy is getting worst.
Border dispute of India with Pakistan and china is a big concern which worries us.
American leading indicators have started giving bad news about the economy.
Some bright spots are seen in china economy.
Some green shoots also visible in Europe.
Over all cautious stands on economy continues.

Thanking You
Atul Sikrai
Vice President
wiTdom investment advisory

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