Thursday, 3 September 2009

Mkts likely to see 10-15% sell-off: Shankar Sharma

Shankar Sharma, Vice Chairman and Joint Managing Director of First Global said that that market was looking tired within a range and it was experiencing a stock-specific movement. He is of the view that the current rally in the markets is being led by a handful of stocks which is disconcerting. According to Sharma, a 10–15% sell-off in the market is very likely. Sharma further said that Sensex could go to 13,000 before it goes back to 17,000.

Source: Moneycontrol

No comments:

Post a Comment

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.