Is the worst over in our markets?
January 6th, 2009
There has been a perceptible improvement in sentiment as is evident from the return of buying at lower levels. There are clear indications of value buying in pivotals and even fundamentally strong mid-caps. Experts believe that shorts will be forced to rush for cover if the rally continues another couple of sessions. But personally I am expecting the market to correct to around 2800 level of the Nifty. Strong support is expected at this level. Staying liquid is one way to benefit from corrections in stock prices. If you’ve sold now you can latch on those scrips at lower levels. For the time being, the worst appears to be over. One would require a major negative news to embolden the bears. Still caution is advised.
