Indian stock Market Likely Trend Year 2009

1. We can say that worst can be left behind in year 2008 and real trend of the Indian share market will be clear after 10 Jan 2009; post declaration of results/ earnings and thus till than one has to bear with low volumes in the market. It is being anticipated that inflation will reach the lowest level in year 2009 with low interest regime and thus a number of investment opportunities will be available in the coming year.

2. However one will have to wait as it will take minimum first 6 months of year 2009 to stabilise the mkt and bring cheer to the same. Thus being an optimistic one can say that year 2009 on the whole will be better than year 2008 from investment point of view. One can keep watch on Nifty strong support of 2799 and if this level is broken than market slides to 2750-2700-2650 levels.