trend of market in near future

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MY dear friend ,Rahul Bijlaney,i am totally open & fully appreciate your micro analysis of data . but i would like to draw your kind attention to the visible facts(macro) like improvement in industrial production,figures of ADVANCEMENT INCOME TAX,& EXCISE DUTY. Further see as my experience of 30 years tells me that at a moment when there is rise in prices of crude oil& metals, the economy is bound to pick.Now would you please check the prevailing prices of crude oil ,aluminium ,structural steel etc. at present vis-a-vis nine months back ,i strongly feel that economy is at a point of improvement. further you may recall a recent news that DIAMOND WORKERS IN SURAT ARE AGAIN GETTING THEIR LOST JOBS.I think it is US & EUROPE which imports maximum diamonds. Last point ,domestic consumption is also expected to sustain or may increase because a lot of money is being given to government employees on account of arrears of pay commission , bonus etc. Now rest is up to your best judgment . I assure you that We may continue to interact in future also with out any prejudice. Further i strong believe that "there is always scope for improvement". Looking forward for your objective comments.With best wishes.

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Totally agreed with Rahul Bijlaney ji that there is hell lot of problem in USA and for the same reason they are investing money in India which is far more better position then them

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Dear Rakesh,The last sentenceof your reply really disappoints me. I was not being acidic or caustic in my post. All I wanted to know was what is that feel good factor which will prompt this rally further.I meant the technical indicators.Second, the Rs Vs $ story is not very encouraging. The appreciation is not coming forth inlike in other asian economies.India is expected to have a 1.5% defecit for the current fiscal and 2% defecit in the next fiscal. Also, in the last quarter we saw the rupee appreciate since the fall in imports was more than the fall in exports.Also, the Nifty PE @ 22.9 says a different story.The RSI is in over bought  zone.The employment data from the USA will be disastrous.So how will we in India insulate ourselves from such global events.I was not trying to take a dig just for the heck of it at your post. The intention was to initiate a healthy string on our individual views and perspectives.However, if you are not open to such a string, I regret i antagonised you. Rest assured such an intention was not even in the figments of my remotest imagination.Best Regards,

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dear Bijlaney, not only liquidity (which i consider hot money & i never feel safe with long term consideration ) it is the basic perception of recovery in economy of US & other countries on which our exports depend to large extent , in the age of inter dependability,will cause momentum in fundamentally sound shares. Further a lot of IPOs and FPOS are on the floor, this shall make an opportunity for availability of dependable capital for the industrial growth as well as employment so will have cascading effect on growth and economy as a whole. now i think my reply will compel you to re think on your so called misnomer HUNKY DORY.

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Agreed,bt this is the time when new investors get stuck up in holdings by buying ard peak levels.Cautious approach will be best approach till diwali now.

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Hi Rakesh,

What prompts you to say all is still hunky dory?

Would appreciate if you could point out some factors other than the liquidity in the market which can attribute to such a school of thought.

Best Regards,

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