Tuesday, June 21, 2005

BSE Sensex May Go Up 200-300 Points Soon

If one reads all the main press news at this point of time, all of them are screaming-7000. None of them are saying that things are looking smooth. If one goes by anecdotal evidence, then I think there is more steam left in the rally.

This is also backed by the fact that we are seeing a lot of liquidity in the system, and a lot of interest coming, both in retail and at the institutional levels from overseas. We have funds which were raised overseas, and they are ready to pump in more. On the balance, I think there is more steam left, may be another 200-300 points in the BSE index, within the next few days.

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