As had been stated all the world indices are set for a rebound from current levels and more could be seen in coming days.
All world Indices up 1-4 % on friday and Sensex followed the cues with up 500-600 points ( 3% ) .
People can check thee charts posted in previous posts. All the world indices shaped similarly and have corrected 38% of rallies and are set for bouncebacks. Have posted only 3 .
Sensex Technical View :
Sensex as was being mentioned dips to 17200 would be a good level to do investment buying. Sensex has made a low of 17400 odd and still some stocks are available at similar price levels so look for value and patience is the key . If sensex sustains above 18500 levels the rebound should face resistance at 18800-19000 range . On a very high side can go till 19700 zones.
Stocks that looks good for bottom fishing
Escorts, nagarjuna fert , Ispat in high risk high returns .
IDBI , MTNL look good at 110 and 120 .
TECHNICAL ANALYSIS SESSION MUMBAI FEB 9-10 .
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Some good quotes & stuff to read :
The stock market is a device for transferring money from the impatient to the patient.---Warren Buffet
The most important quality for an investor is temperament, not intellect... You need a temperament that neither derives great pleasure from being with the crowd or against the crowd."--- Warren Buffett
"The broker is not your friend. He is more like a doctor who charges patients on how frequently they change their medicine" ---Warren Buffett
The most expensive piece of real estate is the six inches between your right and left ear. It's what you create in that area that determines your wealth. We are only really limited by our mind.