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.