Let us estimate the downside and upside possibilities from here.
For entire 2012, From Jan to Dec, Market is likely to trade within a range from 5443 to 4431. It is a range bound market of 1000 points.
On long term, between 1-March-2013 to 21-Jun-2013, markets may hit high of 5657 and a maximum of 5961.
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A number of other factors complicate matters, however. For one thing, investors generally buy stocks according to their expectations about the unpredictable future, not according to current earnings. Expectations can be influenced by a variety of factors, many of them not necessarily rational or justified. As a result, the short-term connection between prices and earnings can be tenuous.Tick Trading
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