Nilesh Shah, Deputy MD, ICICI Prudential believes China and India will lead the recovery from the global downturn and said that most emerging market funds have turned positive and are looking to reinvest in India. He expects the second half of FY10 to be better on the economic front.
Markets Outllok:
Shah sees the Sensex trading in the range of 8000-8500 on the downside and 10500-11000 on the upside. He fears the markets could test its lows if election results are unfavourable and advices retail investors to factor in the impact of the election outcome before investing. The Indian markets, he said, have moved near fair value in the short-term but sees markets tapering off at current levels. Published on Thu, Apr 09, 2009 at 10:32 , Updated at Fri, Apr 10, 2009 at 08:33 Source : CNBC-TV18
Jesse Livermore Said
"The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the man of inferior emotional balance, or for the get-rich-quick adventurer. They will die poor."
No comments:
Post a Comment