Hii all
- Monday ..Expect a gap down opening of 300-400 points on Sensex
as our markets have tendency to fall sharp and over react to global clues ..
we may see 14600-14500 range on sensex,
- Nifty has strong support @ 4250 but most probably it will b broken on monday
Nifty can find next support @ 4180Friday data ..
- This Friday Data:
- Dow Jones down by 281 points to 13181.
- Nasdaq down by 64 points to 2511.
- Reason for such sharp movement on US bourses:
- US Non-Farm Payroll data was released on Friday it came in at 95,000 Vs market expectation of 125,000
- This has raised fears of subprime lendings
- In Indian context
Currently Sensex has earnings of 850x (approx)
Expected Sensex earning for next year is 1000x (approx)
- it is not surprising to have P/E of 18 to 20 for emerging marketswe had seen P/E up to 22 on sensex in past in medium term say 12-15 month horizon this directly translates to sensex level of 20,000 (approx)
- In addition Interest rates are expected to soften in the coming months
- One can take this as buying opportunity its extremely difficult to find the exact bottom, but buying on dips can be done
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6 comments:
the information is really gud, relevant and interesting
thanks bro for posting in from your vast research
it has been an excellent post from you
my dear please keep up the good work
sound analysis suraj .. great work
Fantastic analysis, keep d ball rolling!!!!!!!!
Your prediction or vie has been exact man!
in the early hours of trade the sensex is down at abt 400 points
& nifty about 125 points
please keep posting
kudos to u!
bang on target dear - see the markets now !
grt job done
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