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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