Quote:
Originally Posted by gsg13013
sensex and fed result can affect this week may go down more to 700 points
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Hitting 19000 or as I forecast 21600, by December end, is the Chapter I of a long growth story called India. I do not think market will or should take a pause or respite at these levels. Broad-based rally is yet to come. So far the movement was remarkable in Index stocks.
I do not believe that it is an endgame. More excitement is in store for investors. At the risk of being called over-confident, I believe that Sensex should see more fireworks than what we saw so far.
There is nothing wrong if one books profits at one's pleasure at periodic intervals. But the bullish undertone shall remain intact despite occasional profit booking. The foreign fund inflows are very strong and shall turn stronger in times to come.
The liberalization is playing its true role to give impetus to the growth. Gradual opening of economy to the world is also playing its part in slow and steady manner.
However, it is generally feared that Sensex is very high. If one really looks in depth, it is very clear that going by the absolute number of Sensex, it may seem very high or risky but in reality Sensex at 19000 or 21600 level is safer than when it was 4600 in 1992 or 6000 points in 2000!
The growth is likely to accelerate in years to come. So I do not think there is a looking back.
My view is highly bullish market expected ahead.
Momaya
