It's time for investors to loosen their purse strings and embark on a buying spree: The great sale on BSE and NSE is about to end. Remember, The glorius Thursday (10th January 2008) when BSE sensex scaled an all time high of 21207. Exactly 9 months after that glorius acheivement, black Friday (10th October 2008) is going to unfold before your eyes. Where will the index go: 10,500 or maybe 10,200 or a four figure mark (maybe not).
There is mayhem in stock markets world over, this panic all around signals that the worst may be nearing an end. Authorities the world over are taking drastic measures to restore the confidence of investors with a slew of measures. Our authorities are the last to react. You will hear several positive announcements from the Govt. and the regulators in the next couple of days. The markets are poised for a decent recovery thereafter. Don't panic, buy good quality stocks from a long term perspective and relax. Sectors such as Automobiles, Banking, Oil & Gas and Infrastructure development will be good bets at this juncture. These kinds of off season sales do not last forever!
1 comment:
Hi Investor,
you were spot on in your analysis BSE sensex has touched 10200 and RBI has announced a 150 points CRR cut. Thanks for your advice.
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