Friends,
After a long spell of bear run we saw a good runup yeseterday.
I read what Shankar Sharma(ss) spoke at CNBC in Taking Stock.But I do not consider his view seriously because he is not reliable.Once he was saying that if China can have P/E of over 50 then why not we?He was damn sure of 28k then and now he says we can go to the level of below 10k
That is rediculous.....
At 16300 level if stocks are down by 60-70 % then just imagine what will happen at 9999 level?It would mean "THE END" of the India SHOW to the WORLD.............
and that cannot happen......but if someone thinks like that, he may sell everything lock stock and barrel.
Well,the wound will take time to heal and that healing process can take couple of months more.
But according to me the maximum we can see is again 15800-15500....that is what I can see.The 12k or 10k targets are humbug....
I am actually concerned about the Industrial slowdown which should not have happened.
This slow down may impair a bull run for sometime and hence we consolidate between 15500 to 19000 for some time....
It is a matter of time the growth again become visible and a new Bull run will start again and that I think we can see anytime during July/Aug this year.............
Uptill that time we may remain in a range which I mentioned earlier.
Rpower has suked Rs 12,000 cr, $3 bn , and that is a big amt.People have lost heavily in F&O.Hence all these carnage happened will take time to get healed....any upmove will be dealt with selling and hence don't be in a hurry to buy.If one buy at lower level and gets 20% quick return sell to again buy at lower levels..maybe the level where he bought...
I think there is nothing wrong with the fundamental story and hence no need to worry...
Just hold on your position.....be it Midcap/Smallcap or A gr..........
But now those who have getin at high price , the holding period will be more.......and hence get ready for that...mentally..........
here is the text from dalal street on shankar sharma:
ReplyDeleteIt was another day blood bath on the street - Day of Rumors, Losses and continued selling from Foreign Institutions. If you are sticking to VALUE INVESTING, then you don't see the PANIC button. However, if you have been speculating, let Lord save you.
CNBC TV-18 which rose to fame with rising market and its worthless reporters have some Global Chameleons as hosts - presenting Shankra Sharma of First Global. His views as reported by CNBC-TV18 on 26th Sept-07,
Our view is that India is headed for a market situation in the next six months time wherein we will see index levels get taken out successively. I would be surprised if the index doesn’t hit between 25,000 and 30,000 in the next six-nine months time.
This same person today says that the markets can go down by another 20%.
I see a journey back to levels, which will approach four digits rather than remain five digits. It may or may not get there, but you will definitely get very close to those levels. By the middle of the year, we should be trading closer to those levels ‑ 20% lower rather than 20% higher.
What i don't understand is, what changed in the Indian economy so drastically that Shankar Sharma has become a Big Bear from Big Bull ? Kindly ignore these biased CNBC-TV18 hosts/guests and their opinions.
You may have noticed in every article that is being posted on this site, we quote expected EPS, EBITDA other factors that are very critical in deciding to hold, buy or sell the stock. If you don't understand, then Mutual Funds is the place for you to be. No Kidding, if you are here to make BIG MONEY in long term, be disciplined and you will make it :-)
Guys
ReplyDeleteI think that First Global has built up a lot of short positions,
so it would only serve their purpose if the market really tanks to those levels.
But MOSL talks about 21 22 by Dec 2008, I think their word or even that of ENAM would be lot better to go by , if you do have to take someones advice
A lot of the stocks that were reco'ed here will be available really cheap at the end of the is financial year which is just around the corner.
The industrial slowdown is an issue,but I think that will be remedied once Intrest rates go down.
But considering that fuel
prices have been hiked I dont see that happening in a jiffy,though on the contrary if our inflation nos dont flare up with this hike
we could see rates come down almost immediately.
Somehow I think that the increase in fuel prices is a bit negative to the stock market on a short term basis as it would mean higher cost outgo to most companies.