Stock market in India, the Sensex & the Nifty are booming like anything. There has been 4000 points rally since August 2006 for the Sensex & the Nifty has increased by 2000 points. please go forward, invest in Indian stock market and earn handful returns. The economic trends of yhe country are very strong. Be a part of companies like INFOSYS, RELIANCE, WIPRO, ITC..etc
2020 is way too far, it will definately touch 20k, even with 3 or 4 more crashes........remember guys in the market such as india, best policy is BUY fear, selling greed doesnt work so well..... like the crash we saw a few months ago was one of the best times to buy..... you were gonna end up with a profit the only variable was how much or how little....... thats it.....
I think it should reach 20k by end of 2010. But when will the next crash come, I am waiting for a crash for the last 3 months and market is going up and up...
just wait for the market to get overconfident.....and remember everything that goes up comes down...just a matter of time
Speaking of crash - I don't think there is one soul knowledgeable enough about Indian stock markets on this forum - cuz if he/she were to be, then he/she were not to be on this board
A correction may come after it reaches 14100 or so... A correction of about 300 - 400 Points possible. Book some profits when sensex reaches 14100 or so..
At this point of time the market looks healthy... anyway in january a minor correction could come.... Invest in Tech now.