Re: Are'nt these markets OVERVALUED?
Hi, Recently one of the well known internation Technical Analyst was in India recently. It is said that his TA predictions have 65% chances of becoming true which was revealed by the author himself. There was a talk of opening a TA school in India also by him. Do not remember the name though.
His prediction is that 06 March Bear phase will set in the Market.
I totally agree. 10K sensex mark is too scary and valuations look overstretched. No doubt the India Inc apetitie has increased recently and there have been major overseas expansion by big companies. But it remains to see how well the companies are integrated back with the parent company and how smooth the transition is and how well our India Inc companies are able to levearage the opportunities to gain the foothold in the western markets.
Any comments/additional inputs are welcome.
Hi, Recently one of the well known internation Technical Analyst was in India recently. It is said that his TA predictions have 65% chances of becoming true which was revealed by the author himself. There was a talk of opening a TA school in India also by him. Do not remember the name though.
His prediction is that 06 March Bear phase will set in the Market.
I totally agree. 10K sensex mark is too scary and valuations look overstretched. No doubt the India Inc apetitie has increased recently and there have been major overseas expansion by big companies. But it remains to see how well the companies are integrated back with the parent company and how smooth the transition is and how well our India Inc companies are able to levearage the opportunities to gain the foothold in the western markets.
Any comments/additional inputs are welcome.
