Sub-Prime Jitters

Hi,
I have recently joined this group,can anybody tell at what levels should i make my investment.I'M planning to invest about 1 lakh in Equity & time horizon would be maximum be six months.
I really can't able to have the exact picture about the market,because of this SUB-PRIME Jitters & some are saying markets might test previous year lows.
Analysts & brokerages are giving very huge view like NIFTY might test 4000 levels & SENSEX might test 13500 levels.
Please someone Kindly guide me.
Thanks & Regards,
P.Sudhir Kumar

August 15,2007 is aday most watched in financial and stock market circles.american indices are trading in the red.though the central banks of various countries infused funds in the markets to counteract the sub prime jitters the atmosphere will be clear only on 15-8-2007 when hedge funds allow redemptions.so pl wait until the dust settles

hi i m new to stock markets. i m a student.i want to invest in equities, is it the right time to enter or should i wait til the markets stabilises

If you are new to the stock market, then I'd advise you to invest in a mutual fund with a time horizon of about one year at least instead of buying stocks you may not know much about. As a student you may not be in a position to monitor your stocks frequently enough. Even if you invest now in a MF, you should try and monitor the stock market to gain some understanding of what are blue chips, best levels to enter (& exit) etc. Go to a good broker instead of doing it online so s/he may guide you initially. When you feel confident enough to be on your own, you can try direct trading yourself. IMFO
Paresh

While I agree with another reply that you should wait until the dust settles, I don't think you should look at Sensex/Nifty levels to decide when to enter or exit your stock. The market is quite stock specific today. For example, I believe even today there are stocks you can buy that will give you handsome returns on a medium to long term basis. For example, penny stocks like Bellary Steel (CMP 5.75 upper circuit and expected to go towards double digits), Entegra (CMP 37.25 upper circuit) to hold for about 6 months as they are building a 500MW power plant, PrajInd (CMP 193) has just about hit bottom while upside potential is very good (52-wk High is 536 which translates to 268 after 1:1 bonus). So the right way is to identify sectors and shares that are likely to do well keeping your time horizon needs in mind. Trading is definitely not recommended in these volatile times especially for newbies.
Paresh