Wednesday, October 22, 2008

bottom fishing

I am posting after a very long period.Market tumbled from 21k to 10k.Which was even analysyts were finding it very difficult to predict.Those people predicting the support and resistance level on business news channels are taking cover for saving themselves from investors resistance.And support for them is not nearby because market can plunge more as it is not in the hands of mannu bhaiyya and chiddu bhaiyya but on global factors.

They are even unable to give solance and confidence to ordinary investors.Investors are feeling the heat of slowdown and also the inefficiency of congress led United pagal association(UPA) govt.
India Shining which was handed over to them will be left as India bleeding for the futue government after next election.This is most inefficient government in the history of independent India which has tried to play politics in the issues related to India as a nation.From Jammu to Raj Thakerey,from Economics to muslim appeasement this government has done blunders ever where which will cast black shadows in coming years of Indian politics.

Friends, This is yet not the time for bottom fishing and I won't advise you also as all of you are stuck in higher positions.Then also i will like to say that rates are looking very attractive at this level. I will try to be regular here to give you my veiws about indian economy and stock market.By the time lets pray to God to give us some hope for next Diwali.

No comments: