the good news is the share price has decisively equalled the 50 day moving average.like last episode some good news of any new contract will take it to its next level of 102.shankar sharma started his down side forecast again. to keep investors in confusion..global cues are positive, the sharma is only person on board predicting worst picture.
You all seem to give undue credit to Shankar Sharma.
Remember he was still calling for more downside even on Oct 28 when Nifty was at its lowest:
"The reason why I say that there is still downside is because I don’t see a revival of any of the factors that drove the last bull market any time in the next 12 months"
it appears that the investors has arrived at a conclusion that present Q2 results and valuations of stocks are good indicators showing good recovery from the depths of last year. hence showing interst to buy at present level.There is positive optimism on the next q earnings. hence this bull run is based on expectations .i personally feel the recovery in next quarter will be spectacular and we may not get many stocks at present cheap price range.hope some body agree. this bull run is unstoppable as confisdence is building up.i will not be surprised if this run goes beyond 19000 now.
for example what we are witnessing inthe counter of godawari ispat is clear indication the people can invest in some stocks hoping for better results.I want to hear your corrections on my view..
Whether the big correction to 4100 levels as mentioned by many will happen or not, no one can say for sure. But the 3-5% dip that happens every month can be used for short term trading. On a day when there is a good profit booking, you always get to pick the stocks which are not in F&O at cheap levels. Most of them will have a good run. It is possible to see new altime highs sometime in FY10-11. But there will be a lot of volatility because of large no of IPOs that may flood very soon.
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