The Indian stock market seems to be going its own way and seems it doesn't have much impact of the Global trends,but be very cautious on spending now in indian market.The sensex is already trading at very high E.P.S nearly 18 times and scope of going up from level of 18000 is very less.However the market is finding its support because of huge FII investment recently in the market and thats the reason its trading in range bound from 18000-18200 level, but as the past data reveals this month is known for correction.The August month has always been bad for indian market and so the indications are it would follow the same pattern this time as well.My advice would be to wait for some time before investing in market especially A group stocks or rather sensex based stocks because those are the ones which are bound to take pounding once market crashes.
I feel the market would get support at 16,500 to 17000 levels and there is where one must look in building his/her portfolio, so keep an close eye on the market and dont get misguide from global trends because indians market are now following its own trend.
Cheers :)
Showing posts with label sensex. Show all posts
Showing posts with label sensex. Show all posts
Saturday, August 14, 2010
Saturday, August 7, 2010
Market outlook fro monday,9th August
The market will start flat i the morning and we may see the market will range at levels plus or minus 50 from the current level,again the downside are maxi,um compated to the upper side.The current market is basically individual script basis market and safe would be to sort sell the scripts in the market for time being.We may see some resistance at 18k levels by sensex but hard truth is that in order to go ahead and reach 20k mark it has to enter in the correction mode so reach 16.5k to 17k levels.
And please dont go by European market or amaerican market they can just indicate us but our markets are running on there own,so when there is a correction in our market its not neccecery that there has to be major correction in european or american market.
Chers
And please dont go by European market or amaerican market they can just indicate us but our markets are running on there own,so when there is a correction in our market its not neccecery that there has to be major correction in european or american market.
Chers
Labels:
9th august,
european market,
Market outlook,
monday,
sensex
Monday, April 5, 2010
Market outlook
Market seems to be on short term bullish trend,immediate target for this month is 18500 for sensex gradually may cross 19000, stock picks once again i wold reiterate on HDFC which was given earlier in my posts.But be cautious on the upper level as sensex is already runningon high EPS,corrections are bound to happen after they atain higher level
Labels:
correction,
sensex
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