India Investment, Stocks, Credit Card and Retail Forum

Investments in Indian Equity and Research => Equity Investments, Fundamental Research and Sectors Review => Topic started by: sunil on December 16, 2009, 09:00:19 PM

Title: When is new High for Market ?
Post by: sunil on December 16, 2009, 09:00:19 PM

Here is BOFA Merrill Lynch's take that the Indian stock may actually hit a new high in 2010 to 2011. Look at the chart below which provides Historical Fall of BSE SENSEX and subsequent Rise from the bottom.

(http://dalalstreet.biz/img/historical-sensex-fall-rise-data.jpg)

On the two occasions that the market had fallen more than 50%, it took 294 and 571 days to hit the old peak. This means that we should hit the peak between May 2010 and June 2011. Interestingly, on both of these occasions, the markets gave a 30-40% negative return in the next six
months.

Title: Re: When is new High for Market ?
Post by: akhi kashyup on February 23, 2010, 11:13:14 AM

thanks for the stats!