13 Jul 2008:- After showing some bullish moves, market has come down again to confuse the investors. As of now, I feel we won't be seeing any worse levels than we saw in recent times. In all probability, markets will open on Monday with a gap down and stabilise subsequently. Nifty 3950 and below will be the buying opportunity for those with cash. It would be a good startegy to invest 50% of the availble funds at 3950 level and balance at 3800-3850 level. We are sure to see an upside of 25-30% from current levels within next 4-6 months by when inflation will get tamed down to single digit. I would expect a bounce from a low of about 3930-3950 on Monday as the markets are already oversold and the favourable political news will be enough to give the jerk up.
I will try to update my home page again during this week-end and as far as possible every day from now on, with a brief report daily. This is meant for my friends and the beloveds, those who think I am wrong may avoid my posts.
Tom
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