Wednesday, June 10, 2009

WILL THE SENSEX TOUCH 18000 POINTS?

HELLO SIR.MY QUESTION IS WILL THE SENSEX TOUCH 18000 POINTS. WILL THE BULLISH MARKET WILL CONTINUE? - ask by satya from e-mail

Ok, we want to educate our investor about index. Index like sensex is made from 30 shares but there are a major contribution of infosys and reliance so when these two shares is rise up for 50-60 rupees then index is easily up for 400 points.
You see this pattern in last 2 days. There are a 750 points jump in sensex but most of investors have no return to there portfolio because mid cap and small cap not perform in last 2 days.
Therefore, we think index is not a point for smart investor. Now I give clear answer of your question
I am not sure that index will touch 18000 in near future but I give you some example for your concept about index
1. When sensex is 6000 then arvind is 140 but when sensex is 18000 then arvind is 46
2. When sensex is 5500 then OBC is 450 but when sensex is 21000 then it 200 only
3. When sensex is 21000, mmtc is 450 but when it come down to 14000 then mmtc is 52000.
So what you think about index?

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