The word on the street is "markets are not good, it is better to stay away".
May be it is better for them to stay away from the markets who have been inn during the super-fast BULL-RUN of 2004-08. During this period many experts have emerged who recommended BUY on many investment ideas. Consider the current EPS and then use the Compounding Calculation on EXCEL-SHEET for 'n' number of years and apply the calculation to the market price of the share / Index.
Those SUPER-EXPERT DELIVERY BASED Investment Advisors, seriously, they should remain out of the markets now. Keep wondering how come the Forward EPS of RelInfra or a DLF, or an SBI, or a Reliance did not reflect in the price.
On 5-Nov-2010, Nifty closed at 6312 which was an All-time high closing. The HIGHs formed in the Diwali season last year remained un-touched through out the year. This time again it's Diwali and market has showed very good strength.
Please do't jump to any conclusion and start assuming or predicting the market moves. What I just want to say is - though the markets were not bullish, it provided very good opportunities to the traders. Be it Nifty, BankNifty, Gold, Silver or Crude Oil. Markets have supported a trader in such a way that be it Bull or Bear, they got their exits, if they retained their positions. I do not recommend to carry the unfavorable position. What I mean to say is, it is a Trader's Market. Those who could understand or identify the flow of the wind, can make regular money. And a few of traders have made it too. So, it's better we live in present without assuming about the future-moves of the market and keep playing with our levels. Have a great year ahead.
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