Indian markets are the strongest of all amid the recent crises. Sensex is forming a major support at 8500-9000 levels. Not much of downside left now. One can start accumalating the heavy weights like Reliance, ONGC, AxisBank at this levels.
Inflation is not the problem now as it has already cooled off from the highs. RBI interventions n its corrective measures for market growth will be eyed by every investor to build the confidence into the markets back.
Overall in my view markets will start growing up slowly with the above mentioned levels n the investors can take on long positions in the heavy weights.
Reliance, Union Bank, ONGC, RelianceCapital, Axis bank, ICICI, n other front liners will lead the markets up in the coming year.
I continue with my target of 13000 on sensex till the year end.
