Making sense of a Directionless market

Sunday, September 4, 2011

Even as a fdip below 4800 already happened and a rise above 5200 seems remotely unlikely, you would note that at least 5 foreign brokerages have gone bullish on India below the watermark of 5k for Nifty. With Goldman Sachs and Citi following outliers like Credit Cuisse and UBS heralding a bullish seniment but not bullishness from theirIndia desk, the critical point to look for that iskeeping everyone busy ids not to get investedd too early during this phase of Healthy FDI and let economic conslidation culminate ast what everyone concedes will be a high watermark for recessionary period limited growth in the Indian Market.

Yes, this one is a complicated labyrinth as knowledge that we cannot grow less than 7% keeping everyone ready or buyers but the old warhorses of IT are not going to be bellwethers of this growth and with Autos ringing the bells at the Fire station instead , banks are likely to be watched with considerable distrust too, everyone wanting that low growth to translate into a firm bottom for the Indian Financial Markets and sector specific calls tentative at best before the worst passes us by. 

However, in the long run we have won as India shows it will continue growing and banks and retail have been rinigng the cash registers in July and August, even recruiting shfting to Banking in August. It is the right time for value picks and don't run out of dry powder as more buying opportunites will keep presenting themselves throughout the quarter

And yes, we at The Initiative/Advantage zyaada are very much here with the right direction for the opinion of the day, the week , the month and right till the opnion of he decade. 

Posted via email from The investment blog on Post

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