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Market heading to South Pole...?Discuss Your Favourite Stocks. Talk about market buzz/rumours, stock tips, advice.
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Sensex To Head South Way..................
Sensex closed at 15,913, It appears market will touch 15300 levels and if that is also broken then we may see 14500 levels also.
but a chance 4 a consolidation between 15300 and 15700 , so pls wait with cash and buy at dips............ |
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FII's are net sellers..due to US slow down/suprime problem..etc.Without FII's investment BSE wiil be far down below ...So look at the FII's activities closely.
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Will market go further down..?
Is it time to accumalate...Or still going to slide further ?
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RBI has hiked up CRR and REPO rates by 50 basis points each in total. That would be the proverbial one more straw on an already broken back of Sensex camel! Sensex touched below 14,000 today. Like the guy said on tv, buying now is more like catching "falling knives." Let the market makers decide what the bottom would be. We retail investors should sit on the sidelines until there are sure signs that the bears have disappeared. A friend of mine purchased after the March fall, and his portfolio of really good stocks has seen 30% drop already. I'd say 'wait and watch'. Now is the time to be ready with cash. The way things are going right now, Sensex could see 13700 levels soon enough with lower targets on the horizon. There are two related posts for which links are given below:
The Great Liquidity Crunch Cycles of Boom-and-Gloom
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To view links or images in signatures your post count must be 2 or greater. You currently have 0 posts. Paresh If people put you on the SPOT, ask about FUTURE, and give you no OPTION; just tell'em "the LONG & SHORT of it is How to Make Money!" To view links or images in signatures your post count must be 2 or greater. You currently have 0 posts. Last edited by pkapadia; 25th June 2008 at 04:43 PM. Reason: add links |
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