Europe looks shaky. Gold and Silver have entered multi year bear market. Commodities are all down. Crude is entering a bear market.If S&P closes below 16334, then it is going to go into a reversal mode.
So what about Nifty? To understand I had looked into very long term charts of Nifty.
Here is the chart.
See how the bull trend respects the 45 degree parallels.A few more months of upmove is left before it tops out.January 2015 seems a likely month.