hey ANID today also market is up....do u fear HIGH correction..that ur suggesting NO BUYS??
can u tell reason..so that i can learn from it??
There are lots of reasons, some in macro level some in Micro level. If I want to detail it will be too big to type.
So I am pointing out some points, on which you need to search more:
1. political instability: How long UPA/Left can go Hand in Hand
2. Market Level: Too High in Too short time, giving opportunity of profit booking to many whenever there is small indication of correction, it will be snow-balled.
Further No time given to market to consolidate properly
3. US Economy: Everyone is shouting FIIs are pumping dollars in billion. Yes they did. But If there is even a minor indication the Fed rate Cut is not enough for sustaining a good level for Dow, we are in trouble. The Speed of FII outflow will match inflow, even may exceeds.
4. Finally what is your risk ratio, at this stage if you want to invest at this time. You might have entered during the last crash in mid0-year, you are comfortable, but if you in, and get a 3-4 good days from market and next day it plunges...you may have to wait for 3-4 months,to get the level back.
Now that's a bearish viewpoint. The Bullish team can put forward some 400 points against it. But at the end of the day its the investor who will decide what to do.