The Indian Stocks which saw a great decline in recent months can still be attractive for the long-term investors. The market sentiments need to improve a little bit and a genuine bull rally can really make the markets attractive for the investors. The experts say that the markets can cross the 5,200 levels because the short sellers seem to unload up to the 5,180-5,200 levels. At current levels the investors need to add the stocks selectively.
There are some good opportunities in the large caps and the rally has still has bit more steam left. For some days the markets have been positive but still a positive bull market has not been witnessed. It is really important for the retail sentiment to see a change. The inflows and the outflows from FII have been almost zero but the markets have seen a drop of 18% and there have been huge retail pessimisms.
The markets closed slightly below 5,000 in the month of September. Globally the sentiments are starting to look positive and the clouds are looking to clear up. Greek has been bailed out and the extended fund facility would be out in few days. The focus is now shifting to banks and certain banks will possibly see a fall. The Italians had a successful bond issue and the Americans are also going well. The markets could improve faster if there is a genuine bull rally. The markets could go above 5,200 levels and many sectors could witness a nice rise.
Bell The Bull says: Markets Could Test 5,200 levels