power house for nifty technicals and stock market fundamentals with charts and technicals.
Monday, October 20, 2008
SAMVAT TRADING
Last Diwali on Samvat trading the markets closed lower, nifty app.100 if i remember..this happened after many years & Many stalwarts wrote that this is not a good sign and the year ahead is going to be very tough. How right were they .... We are reaching another Samvat trading in a weeks time.. ..Is it time to look ahead, i think it is time now for people sitting on cash, to start picking up quality stocks which have weathered this huge deluge of selling well as they will be the ones who will bounce the hardest..Despite huge bearish outlook i feel the time is ripe for at least 50% investment ( this money may be locked for 6-12 months ).Take ur call, if Warren Buffet feels investors should come back, who are we to question that..Asia meanwhile is trading mix..Cheers..
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