Good Bye to the Year 2008

Only three days to say Good Bye to the Year 2008 during which financial Tsunami hit the Indian markets along with other world markets and swallowed more than 80 percentage of assets. Year 2008 will also be remembered as a dreadful year due to the terrorist attack on Mumbai and the formation of war clouds along the boarder with Pakistan. Perhaps, shadow of these war clouds might have dragged Nifty down last week to 2857 from 3078. Looking forward it is felt that Nifty may move up again as war clouds recede and close the year above Sudha Daivatham (3178) giving hope for the year 2009. As Agni level has receded Nifty may emerge out of Agni level giving opportunity for a buy.