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Sensex to go to 4 digit level

CA Paresh Kothari (Service) (233 Points)

01 July 2008

Hello All,

Today everybody is talking about stock market..this time not for because of uptrend but because of downfall.

Further want to add here --

Sens*x will go down further and will consolidate around 10000 by the year end. This is based on the assumption that Senses will give EPS in the range of Rs. 900-1000. Then we can see FII back in action as Sens*x PE becoming 9-10 and analysts are expecting cooling off OIL prices and in turn inflation in india, making India favorite for FIIs.

So all the best and stay away from market if you are looking for "Value Buy". But long term investor can pump in their money in slots.

HAPPY INVESTING

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8 Replies

CA VINAY BANSAL (In job with KPMG) (289 Points)
Replied 01 July 2008

Impossible thing. sens*x will touch max at 12500 and return back. this year end target will be 16500-19500

Satyendra sahu (service) (216 Points)
Replied 01 July 2008

See some body will say it go down some body will say it will go up. Very difficult to predict. But my dear if market go down a lot then different kind of market players will come in and they will stablise it. so dont worry, it will not touch 4 digit.

Rani Lohithan (Consultant) (32 Points)
Replied 01 July 2008

It well touch 12000 this week again it will break Nifty may go 3400

student (WORKING) (757 Points)
Replied 01 July 2008

internal traders will not let mkt to go down below 12000

CA CS CIMA Prakash Somani (Landmark Group) (23502 Points)
Replied 03 July 2008

I think it will come back after touching 12K mark. As thier are very less hope that it will go up.

CA Paresh Kothari (Service) (233 Points)
Replied 04 July 2008

It is upto individual to decide whether to invest now or later when it will actually go down till 4 digit level.

It seem people not have seen Mr. Mark Faber's Video in CNBC TV18 where he himself predicted that the stock market international market will further go down and he specifically said that Sens*x will go below 10000 levels.

Finally it is upto individual to decide...There are still good opportunities to invest now like PSU banks. Most of the PSU banks are trading at discount to their Book Values moreover their PE ratio is less than 5.. in the downfall these stocks will certainly fall less as compared to other sectors and investors with 1-2 years horizon can certainly adding them.