Strong Economy ,Strong Fundamentals -Still Nifty Future in 5th Position

Dear Traders & Readers ,Just after looking at Global Indicies Monthly chart ,I had seen 20 Indices.

-From recent low of 21/10/2008 or 21st March/2009 just see performance of Indices.

-First five Indices in % gain are :Russia RTSE ,Argentina ,Srilanka ,Brazil ,Nifty Future

-Just see the table and think it over :Why Blue Channel Jokers ,Analysts ,Our Economists and Politicians are doing every day about Indian Economy that its  growing and will grow at 8% ,9% or double figure.

-Every Fund Manager saying/writing :Indian Economy growing and very Bullish.

-Every Mutual Fund (Domestic ) Bullish and says money will only flow in India.

Just see with your naked eyes and see performance of Indice like :Karachi is up by 122%.

   Country Index           

                   LOW

        31/10/2008

             LOW

        31/03/2009               

         High- April’10            Point Gain           % Gain   
Argentina81924981679205 %
AUSTRALIA36934991129835%
AUSTRAI137927671388100%
BRAZIL-Bovespa294357198942554144%
CAC24654065160065%
CANADA 7479 12211 4732 63%
 CHILE 2017 3869 1852 92%
 DAX 3588 6265 2677 75%
 DOW 6469 11001 4532 70%
 FTSE 34605790 2330 68%
 HANG SENG 10676 22249 11573 108%
 KARACHI 4781 10628 5847 122%
 MEXICO 16480 33841 17361 105%
 NASDAQ Composite 1265 2454 1189 93%
 NIFTY FUTURE 2228 5398 3170 142%
 NIKKEI 6994 11408 4414 63%
 RUSSIA RTSI 492 1642 1150 234%
 S&P 500 666 1195 529 79%
 SHANGHAI 1664 3177 1513 91%
 SRILANKA 1476 3952 2476 168%

After looking at table it looks that “Trend across the Globe ” is up since Oct’09 or March’10.

-So Fundamentals/Economy/Growth factors are of No Value.

-Percentage wise all Global Indices had spurted ,So dont ever think only India is moving up or Indian Economy is strong.

Updated at 13:25/11th April/Baroda

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