Ragards to all the members,
i have my own opinion about sensex @10000 or 12000, lets see comparing this with the bear phase witnessed in 1990 and 2000 time wise correction lets say is another six months. typically the retacement of a bear market is some where close to 50% so lets say the bottom is at 10500, now while i am trading now a days i find that 70% of the trade which is happening is in nifty futures.
at 10500 what will happen is that the p/e of the stock would be close 10 i.e 10X earning well the bear market represents values for intelligent investors in difftent sectors from time to time like today was turn of tchnology.
there are stocks avalaible at 2-3-4-5-6 time the earnings and i am very sorry that we are scared to pick them up.
lets see take example of infosys it trades above p/e of 20 and is to do a eps of 102-108 this fin year, thats not it it has intrest cover exceeding 4450 so if intrest rates increase look for companis having debt/eqity=0 technically this will give best returns.
dont wait for sensex to bottom out select good stocks which have corrected significantly and to absolutly avouid index manuplation dont pick sensex/nifty waitage stock