Indian markets are on Cruise Control today 11th Aug 2008 !. It seems all negative news are dried up and bulls are back..really ? I don't know for now.
- Oil prices came down a bit.
- Inflation is stable! - well people are tired of listening to the same tune..
- Banks are gaining - ICICI, HDFC are up !
- Elections are not in near term at least
- Mutual Funds NAVs are rising slowly
- IT companies in India are still recruiting
- Websites say
- They are still trying to predict level for Nifty and Sensex ! - same guys on TV will say don't try to time the market :)
- Real Estate prices are still high - I do hear that they are coming down - but not in reality!
We still need to more analysis in order to understand how to play in this market.