Monday Morning Market Musing - Looking for Direction?

Markets have been moving up due to strong inflows and they have moved up pretty fast in the last two weeks. Ideally the situation is all set for correction and majority of the analysts opine that correction is a must now. However remember that market corrects in its own style and correction does not come always when we want.

There is another view that heavy inflows are expected and so market will move up to 18000 pretty quickly on account of the inflows. I will however stick to the first theory that markets will correct soon as correction is a must if the Bull run is to sustain. In case markets move up sharply till 18K or close to it, we will see a very sharp correction or meltdown.

Remember to pick up growth stocks when correction occurs and the best stocks are there in my stock picks.

http://indianstockmarketscomment.blogspot.com/2007/09/comments-on-current-stock-picks.html

Powergrid IPO is likely to be listed this Friday and I expect it to start around 80 Rs. I will once again review my picks and post it afresh as we are in a new month now. I also thank all those who have posted their comments and encouraging me to work more hard for benefit of all.

Watch out for MAYTAS infra IPO review and Analysis. I will post it soon.

My other blogs :
http://indianstockmarketsquery.blogspot.com
http://indianstockmarketsinfo.blogspot.com
http://calculatemyemi.blogspot.com