hi friends,
everybody is busy in finding the exact bottom of the market,is it bottommed out or some more downside is stil left, whether we will test 10000 mark on sensex in coming days, which are safest stocks in current situation.
as per my own analysis, the worst is over now but it has broken the waist of our market, in other words say" sensex buri tarah se zakhmi ho gayi hai"actually india has not taken any big measure to support our market, no. of measures are there, that can be implemented in the worst scenario only, so if we go below 10000 then it will hardly take 2-3 trading sessions to again recoup to 11500.so dont get panic be optimistic.technically we will watch a range of 10850-12650 and if 12650 broken 13120 til november end.
whatever measures are being taken by the central banks of all the countries are sufficient, bailout package plan will also positively impact the market, but all the effects can be seen only after dec 2008, positive news will startt flowing from march 2009 and we may again see a level of 4220-4360 on nifty.
best picks in current scenario:
psu banks like bank of baroda, bank india, sbi in between 1205-1270 level, axis bank as banks will be the first to recover
punjlloyd has the potential to cross 280 within a month,one can accumulate reliance industries til 1380 level, avoid real estate sector,
educomp solution,bhel and lt.
for ur any queries post ur queries as comments of this post, it will be answered at the earliest.
