Is market may fall till 10000 level? What experts says now
Hi all,
I am very afraid about market after reading the news of CNBC from supratik thread. In that thread let's see what Mowat say's
Mowat says, "We have downgraded India because we think we can get higher returns in other Asian and emerging markets. This is very much a relative call in what we still see as a bull market in emerging markets. So my advice to clients is to take some money out of India and put it to work in places like Taiwan, China, Singapore and the Asia Pacific region. In emerging markets we still like South Africa and Russia."
Mowat also goes on to say that there is anecdotal evidence that funds are shifting focus to other markets now.
He says, "I had many of my competitors downgrading this market below the 10,000 level. Also quite a number of funds are underweight on India because valuations are maybe 20-30% below current levels. It is a mixed picture when I talk to clients, I find it much easier to persuade them to put money into places like Taiwan and China at this point of time than to buy into Indian equity."
And this news making me afraid. so I wanted to know views of all members. Is really market may fall till 10000 level? Is there any possibility? What technical analysis says? What fundamental says? valuation are may be 20-30% below means what? Many more quetions are in my mind?
Or they wanted to create rumor to make market fall so that they start buying after that?
Thanks
wrgrds
Ahmed
Hi all,
I am very afraid about market after reading the news of CNBC from supratik thread. In that thread let's see what Mowat say's
Mowat says, "We have downgraded India because we think we can get higher returns in other Asian and emerging markets. This is very much a relative call in what we still see as a bull market in emerging markets. So my advice to clients is to take some money out of India and put it to work in places like Taiwan, China, Singapore and the Asia Pacific region. In emerging markets we still like South Africa and Russia."
Mowat also goes on to say that there is anecdotal evidence that funds are shifting focus to other markets now.
He says, "I had many of my competitors downgrading this market below the 10,000 level. Also quite a number of funds are underweight on India because valuations are maybe 20-30% below current levels. It is a mixed picture when I talk to clients, I find it much easier to persuade them to put money into places like Taiwan and China at this point of time than to buy into Indian equity."
And this news making me afraid. so I wanted to know views of all members. Is really market may fall till 10000 level? Is there any possibility? What technical analysis says? What fundamental says? valuation are may be 20-30% below means what? Many more quetions are in my mind?
Or they wanted to create rumor to make market fall so that they start buying after that?
Thanks
wrgrds
Ahmed
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