no.4 Financial Experts
Set Email Alerts
01-Jul-2009 10:27 - posted by Guest:
The market is likely to consolidate at these levels for some time, but the Sensex could touch 19000 and the Nifty 6000 before the year ends, says Rakesh Jhunjhunwala, partner, Rare Enterprise. There are plenty of opportunities despite the sharp run-up in prices. Excerpts:
01-Jul-2009 10:58 - posted by Guest:
Where do you think we stand as far as the markets are concerned? We stand in a fluid state because markets (Nifty) have had a tremendous rise from 2700-2500 to 4700, and then corrected back to 4200-4300. And there`s no question that the economic scenario worldwide is still not out of the woods.
01-Jul-2009 10:59 - posted by Guest:
Let`s take the conversation slightly backwards. From March 9 is roughly when global markets bottomed out. How have things looked? Oversold to overbought ? Or do you think a 10% movement here or there perhaps, and we would stabilise over a long-term basis.
01-Jul-2009 10:59 - posted by Guest:
I am hopeful that we would stabilise at 10% upwards or downwards. Either we have a bear market, which will last long and will correct the rise from 2900 to 21000. It will take a lot of time, or this fall was just a long-term correction of the bull market.
01-Jul-2009 11:00 - posted by Guest:
I think this year at some point, you`ll have the Nifty around 6000 and the Sensex around 19000, though the situation is fluid and it could go either way. Maybe a year later, you`ll move upward and go above 6000. Or we could come back to a level of say 3200-3700, and then you spend 2-3 years, consolidate and then the market moves.
01-Jul-2009 11:00 - posted by Guest:
You got to be cherry-picking now. Time has gone. Low-hanging fruits have been plucked. If you miss March, April, May, you got to think, look back and then perhaps start cherrypicking...
01-Jul-2009 11:01 - posted by Guest:
I wouldn`t say that. There could still be a lot of cherry-picking opportunities. Well, it`s not my work to advise people in individual investments. But generally, I feel there are a lot of opportunities in the markets.
