Is BSE at 7500 possible within 1 year ?

[Czar]

lol czar. always read all your posts. And yes, if and only if it is broken then we will have target for less than 7500. lot of bloodbath would be there....

pk

ditto here yup but I doubt it will break, maybe a double bottom scenario will be what I want by Jan 09

 

[pkjha30]

I have never seen anything like this before in my life. DOW,NASDAQ,SP&500 all moved up 11%. i still can not believe it. i did see such intervention before in Aug'1998 hongkong govt went into stock market and bought $10B in stocks. so there is no way the western govts are going to let the asset bubble deflate.

there is another law being passed that does not require the banks to mark to market, they could just put a fair value to what they think an asset's value is. i do not want to be judgemental about ability of these actions. if these actions really work out, it would be good. but postponing a problem will not make it to go away.

markets will fix themselves. is there anything President Bush did which did not back fire ?

Please stick to your time line for 7500. But one thing I want to say here. The lesson I learnt from SAINT is very simple Go with the flow.

If market is in uptrend ...read thread called "New intermediate uptrend". If market is in confirmed down then read " Going with the Intraday Mini-Flow!! " and "Going With The 60min Flow!!!" of legendary SAINT.

He once remarked that one is here to make money from the market no matter whichever way market moves. So set up your system and follow discipline.Make money even if it goes to 7500


pk

 

[pkjha30]

ditto here yup but I doubt it will break, maybe a double bottom scenario will be what I want by Jan 09

Agreed. I think this is what I called W. is that it??

pk

 

[raosrinivas]

Please stick to your time line for 7500.
pk

pk,

regarding the timeline. a stock market by definition is a place where bid's are matched with asks, there are just sellers and buyers, if it were just that, my 7500 or probably 5000 would have come long back. but it is rigged so much these days with almost $2T already put by so many govt's and trying to put unlimited printed money. it's not a fair game anymore. govt has the power to postpone things for any number of years. but can not escape completely.

you can make the next govt to pay for today's oil subsidy by using instruments like oil bonds. the next govt can also do the same and they can postpone the debt to the next 2 govt's after it. eventually the people have to pay. i am saying that we can't escape, but everything can be postponed. i can only watch how long it will be postponed.

i am in really no hurry, i can wait till they are broke. i am not despondent or in despair, but very happy that things moved exactly as i expected as if like a script, i am reaping the benefits of my long term view. the one's who have lost 45% are the real nervous ones because they already lost. my advantage will be i can live with 9% FD as long as i want , and enter stock market whenever i want.

thanks
Srinivas

 

[kumark]

Hi

All you people talking about SENSEX going to 7500 what about NIFTY ?

Thanks & regards

Kumar

 

[raosrinivas]

hi

all you people talking about sensex going to 7500 what about nifty ?

Thanks & regards

kumar

2400.00000

 

[raosrinivas]

once the sensex achieves the target , we will be range bound between 6k and 7.5k for 4 years.

 

[praveen taneja]

once the sensex achieves the target , we will be range bound between 6k and 7.5k for 4 years.

Ohhhhhhhhhhhhhh my god that 4 years will b doom years for financial sector n people like me who sell MF n earn bread butter through it

 

[raosrinivas]

CRR rate cut by 1% again.

off topic. A train moving at 100 Kms per hour takes 1 Km to come to a complete halt when brakes are applied. The driver see's another train on the same lane coming from opposite direction towards him 100meters away. what happens ?

global deleveraging has started. it will move it's course no matter what. i forgot to mention watch usd/inr exchange rate, my prediction of 50rs /usd will come true sooner than later because of the move.

 

[punterji]

once the sensex achieves the target , we will be range bound between 6k and 7.5k for 4 years.

Can you please present some valid reasons for your above statement. I am not sure if your prediction is based on the 91 Market conditions and the crash aftermath. I guess, lot has changed in India from that time. One major change is "Emergence of Strong middleclass". I read somewhere, for any country to prosper, there needs to be a strong middle class, are we not getting there ?

VJ