Nifty May Hit 11,500 in 12 Months: Laurence Balanco

Laurence Balanco, Asian technical research analyst at CLSA, told NDTV that the current rebound in Nifty may extend up to 8,800 levels. He expects Nifty to fall to 8,000 levels in the near term before making a secular bull run to 11,500 levels in next 12 months.