Wednesday, November 5, 2008

Sensex down 511 points

BSE Sensex down 511 points today, almost 5%, does it means that relief rally is over, or a small profit taking because of contineus 5 day rally. The star of the fall was reliance in trade today which fell almost 12%, and for index heavy weight stock reliace its quite a heavy cut.

Its still hard to predict things due to intraday wild swings and high volatility. Government also taking number of steps to improvise economy and i see no problem in the long term. For me every dip in indian markets at this levels is an opportunity to buy, a systematic buying which will lead to glorious profits.