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Sunday, September 28, 2008

Market is at Lowest Point -Good Buy Here

Market are very near to lowest point , bad news from US side are near to end.So it is infact good time to buy for short term profit.


Following are the key findings:

• Indian EFCI-Sep 08 reading of 2.23 (on scale of 5, wherein 1 shows most bearish sentiments). The reading is based on Population Mean.

• Responses are characterized by low dispersion and almost follow a symmetrical distribution; implying greater importance of Population Mean and that there isn't any significant extreme response (thus no significant tail risk)

• Top concerns are Inflation, High Interest Rate, Slowing Economic Growth and Drying Other Income (from stocks, bonds, real estate etc)

• Among broad sub-groups, Economic Growth and Financial Insecurity are top 2 concerns (among 5 sub-groups surveyed)

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Indian Stock Market : A technical View by Niftysuretips.com