Losing Streak

As I said in my previous blog on 12 may 2008,Indian indexes are going down to my target levels.UPA government has lost in karnataka assembly elections because of failure to keep inflation in control.Crude oil is trading above 132 $ per barrel.Thus, making the breathing havier for the current government.Investors are really in doldrums regarding taking a fresh position in Indian stocks.I still advice to lay off from the stock market as yet.

Indian Stock Market

Global stock market has been witnessing a spiral downward journey since the subprime mortgage crisis in the USA.If you are looking to earn money in stocks,this is the wrong time to get into it.Nowadays,only the operaters are on prowl..to snatch your money.So beware!
I have studied various facts and came to a conclusion that it will be wise if you enter in stock market after the new Indian government is formed.Till then stock market will go through the extreme correction phase.Sensex can come down to 11000 and Nifty to 3500 level.