Bill Belew has raised 2 bi-cultural kids, now 34 and 30. And he and his wife are now parenting a 3rd, Mia, who is 8.
I don’t want to steal SouthAsiaBiz’s thunder but I came across an article today in a local paper that said India’s stock market is taking off.
The bellwether Senex stock market index soared 45% in 2005 and has already risen 20% in the first quarter of this year!
I wish I understood more about the stock market and had the faith to trust others with my money…but, alas, I don’t know and I am not very trusting with giving my money to people who don’t know me and won’t miss my money when they lose it.
Still, if I did, India seems the place to start, no?
In the same paper, (page 2) the quarterly profit an Indian software firm Tata Consultancy Services reported their profit went up 72.3%!!
Let me see, had I invested $100K…in three months it would have grown to $172K. Is that right?
Quick, someone’s will tell me how to invest in India.
Oh, and I need $100K to invest, too.
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Today i.e 11th July’08 now as theInflation data (11.89%) has come and consequently we had seen from the last few weeks it is going on increasing week by week so the strategy now to adopt is to avoid long positions and do Intraday Trading that too with the strict stoploss as this data also plays an important part in giving the direction the market as Indian Stock Market depends on various factors one of which is Rate of Inflation.
Important Support Levels for NIFTY are 4130-4080. Consolidation on thses levels will show some bounce in the Market.
Investors had an opportunity during these situations where Investing in undervalued stocks would be beneficial.
Best Buy Sectors
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5 days of rally in Indian stock market recommendation and again a crash. One day gap up opening next day just mirror reflection of it (Gap down). All points gained by nifty whipping out. Investors was thinking that they should reenter in the market and can take long positions but just see what happened. These kind of movement are called traps. Still we are expecting more short covering to come in 2-3 days.
But do remember overall market mood is bearish throughout the year. So invest money but for short term not for medium to long term. You will get much better opportunities to do so at more lower levels.
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