Nifty likely to touch 6800 by October'13

1) In my view, Nifty over next 4 months (i.e. by around October'2013) is headed towards a new high of around 6800-7000.

2) It might well happen much earlier depending on onset/progress of Monsoon and further softening of interest rates by RBI.

3) Nifty progress to 6800-7000 may also be aided by likely further softening of Gold over next 4 months.

4) Final target of nifty in its journey into new territory is likely to be much higher than 6800-7000. But, it is difficult to predict the timing for the same.