Sensex... Nifty..... near major support levels..... yaaro buy karo.... :)

It seems that time has come to start accumulating good companies with sound management to execute their visions.

In case of worst economic scenario, indian stock markets were trading @ PE of 13. i.e in 2000-2001. Yesterday the mkt closed @ PE of 13.4. Today our GDP gowth is hovering around 8%. Most of the A group companies are still doing well on the back of strong internal demand. Apart from making a mark in software industry, india is growing as a hub for manufactruing / r&d / BPO / back office operations. So business is still there for our cos.......

Most of the analysts are expecting avg 10% drop in earnings in 'A" group companies. If we factor in that also than major support values for sensex - 9884, nifty - 3110. So better not to wait for those levels... start accumulating stocks of 'A' group companies.

Happy investing..... :)