Pl note that there is complete risk aversion. So Sensex is also like a falling sword. FIIs need some more time to realise that India is a strong story. At present they are selling like mad to offset their losses and they are selling Index heavy weights. So market will remain in doldrums and the confidence level will be in shambles....

Yes. timewise correction has to take place. Till that time investors will not return to the stock market. When HNIs start buying, that is the time to enter the market. I am convinced that every rise is an opportunity to exit. ...

May not immediately. We are still sensitive to Global cues....

I beg to differ with you. Bhave & Subbarao are greta beaurocrats and dynamic too. What you see today seamless trading & demat transaction is Bhave`s creation. RBI`s hawkish stand has actually saved Indian economy. Infra sector lending was discouraged by RBI two years ago. RBI was criticised when $ came down to Rs. 38.50. If RBI had not allowed Re to slide, software exports would have hit and economy would have gone in to recession. By going back by two steps, RBI has actually saved India. Crude will come down to $ 50 and Dollar will collapse, so we should not worry about todays exchange rate. SEBI will interven at an appropriate time in stock market. If India becomes super power tomorrow, you need to thank RBI, SEBI, IRDA, ICAI and of course the policymakers....

RBI`s CRR Cut & SEBI`s proposed lifting of P-Note ban may not work immediately, as Dow has crashed & European financial markets are in real mess. We may see an acute fall again at global levels as the excesses done in the past will haunt USA & Europe. This will have a cascading effect on small countries. Crude will come down to $ 50. BRIC countries will outpower USA in coming years. USA entities will be virtually sold to others. USA will befriend India. It may also attack Pakistan to keep the leadership with it and may succeed in it....

Pl hold Selan, as the Q-2 results would be very good, which will endorse the opinion that it would be future blue chip....

That is nonsense!

Only remember one thing, in stock market the intensity of a fear factor is more than a greed factor. That is why it takes Sensex 2 years to touch 21000 from 12000 but while coming down back to 12000, it takes less time.

Secondly the madness has to reach a level of crescendo. Then only the momentum reverses. What we see now is madness of selling at whatever price. Similarly at 21000 there were too many buyers.

Sensex would correct by 55% from top. So the target is 9800. That is the baseline of 8 years. The momentum will reverse from that stage. I pray it happens early. But I know it would take some more months for that. In this period there will be complete capitualtion of midcaps and small caps. We may see unbelievable prices.

Pl do not trade in this market. You will loose everything. Avoid derivatives, as it would take away your pants too. This is a time for buying on SIP basis till March 09. India will see inflow of funds as its GDP will still be impressive....

Besides, they also need money possibly and do not want to take any risk on Equity....

Reaction against the action could be as extreme as the Situation would be in the coming couple of months and years to come as you said. Problem with our economy is certain macro and micro factors would prevail and may hamper the situation to a new critical levels like fabric of our society,Riots,Religious Issues may worsen further and moreover global terrorism would lead to such situations and above all possibilty of another world war. Lets see as the whole world is on crossroads and Demographics are changing drastically. harish sharma...

investors will take years to return....

Dow again 500 pts down. Will it go by 700 pt?...

Unlike Dow, our market will go up because of the RBI and SEBI move tomorrow. ...

But how low people have started talkiking if nifty breaches 3500 than it may go to 2500?...

hembhat, dear sir thanks very much n no questions even if i have-haha bye n take care.really so nice on your part-jagdish...