IS THE END IN SIGHT?????????????

In my last article dated 29th september, I predicted the Nifty to fall to 3425-3475 levels in 3 months time but truly did not expect the markets to tank like this in just 2 weeks. The Nifty touched a low of 3099.90 yesterday making it a significant bottom for the time being. Now all the bad/negative news are out in the open like:

1.The Financial mess in U.S housing & banking sectors

2.The Slow down in Indian Corporate growth & earnings

3.The extreme pessimism in Job markets in India and world over

4.The panic created in few Gaint Indian Corporates like ICICI Bank & Jet Airways similar to the collapse of few gaints in U.S.A & Europe.

5.The expectations that another 4-5 million houses will come under default in U.S

and so on & so forth. While markets may fall for 1 or 2 days when the negative news actually comes out in the open, the fear of unknown is largely discounted. And the concerted efforts taken by the Regulatory Authorities world over will start bearing fruit in the next 3-6 months.

As far the Indian stock market, 3000-3100(nifty) seems to be a good bottom for now with strong resistence between 3525-3650. I recommend buying Nifty close to the support levels of 3000-3100 for decent profits.Even if the Nifty is to breach 3000level, it will bounce back quickly & sharply to make sure that you make an exit by protecting your capital.

I am also recommending to BUY ICICI Bank around 360-380 & Praj Industries @75-80 range for decent trading profits.

If you are still not sure of putting money directly in stocks or managing it yourself,please feel free to contact me at sairam_1983@yahoo.com for an attractive assured return of 18% and the 100% safety of your capital.

9.25am(IST),17th October 2008