A ray of hope….

I think that the Indian markets are very close to bottom out for time being at least. The stocks are showing resilience to move down in-spite of the best efforts by the Bears.

As posted yesterday the infrastructure stocks are finding buyers at the lower levels. There was a clear hope down the line for next two years we are likely to manage and may cross the previous highs based on our internal consumption despite of the global turmoil that we see now.

The crude is falling, metals plummet gives a scope to ease the fall in inflation. The central govt. likely to announce more investor friendly investments norms and the FII inflow will start coming back to India after Jan-09.

But for now the markets yester day recovered on the back of short covering and some kind of buying at the bottom. The worst is not over as the stocks like HUL, LT, BHEL, HDFC, HDFC Bank, SBI and Bharti have not tasted the Bear beating. So Nifty likely to see some lower levels but it won’t hurt as the most already lost their value.

The Nifty likely to cross the 3660 level and may touch the resistance at 3930-3885 level in the coming months. The next fall will complete the bear hammering and the Bulls will take charge. At this time it looks like a joke as it was looked impossible to see a downward move when the indices climbing from 5800 to 6200 level.

The retail investors always FIXED ON THE WRONG SIDE, because of the PRICE LURING while moving up and FEAR OF LOSS while falling down. The markets always provide enough chance to make money but we tend to be ignorant to catch the opportunity. So it is not the BEST PRICE that is IMPORTANT to buy a STOCK but the RIGHT TIME to buy is very important.