Tuesday, February 17, 2009

Market is sliding as we predicted

The market is likely to be in a Sensex range of 8500-10000 for the next 3-4 months, says Sanjeev Prasad of Kotak Securities, on CNBC TV18. The earnings outlook will continue to be bleak and there won't be easy times going ahead, he feels. The next trigger for the market will be the elections, he adds

House View:Market is sliding as we predicted, sell whatever is possible and wait to make new purchases. Market still has to go down 1500 points, so do not loose money by entering now.
Disclosures: No personal holdings
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