Tuesday, January 24, 2006
MY VIEWS ON MARKET AT CURRENT LEVELS
it doesnt seem surprising to see the market at 9500 levels....but if someone wuld had tld me the same thing 6-9 months bck i wuld had laughed at him.....n i am sure the other pple wuld had joined me too....at 6600 levels also ppe were afraid to put in money.....then the market corrected to 5500 levels n went up to 6300 for consolidation....at tht time i was in a dilemma as to which way the market will go...FIIs flow had juss started flowing in then....nothing had changed abt the india over all....corruption....poverty...crime...everything was the same......but the only factor tht was driving the market up was the liquidity factor....market ran up frm 7300 to 7800 n then to 8500 n now at 9500.....in the correction tht had come midcaps had taken a bit of hammering n then rally was mainly led by large caps....now tht large caps r fairly valued n some crazily over valued...i guess in the coming rally midcaps will outperform large caps where i dont see much of further scope of movement in the shorter term......SO MY THIS BLOG WILL MOSTLY BE FAVOURING MIDCAPS WHICH HAS THE POTENTIAL TO BECOME BIG COMPANIES IN FUTURE......NOTHING HAPPEN IN A NIGHT.......PATIENCE IS THE KEY WORD ACCORDING TO ME FOR BEING IN THIS MARKET
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