SENSEX Goes past 20k magical figure and maintains it for one more day!!

The Sensex hit a all time high above 20k points and managed to hold on to it for another day.

Though the Sensex did not rise too much on its previous close, happy is the fact that it could hold on to such a high score for another day!!

Gone are those days when I remember people used to celebrate 1k+ in a yr!! Its almost become a ritual on the Sensex to gain/drop by 1k atleast one day in a week!! Seems like if it does not happen, the investors are sleeping or its a public holiday and the market is on leave.

The Diwali was a huge celebration that the Sensex could touch the 20k figure once and it crowned the Elder Ambani prince as THE RICHEST MAN ON EARTH.

Though the Ambanis hold on to be THE MOST RICHEST FAMILY; Ambani lost his top position in a very short span of time.

As I have even written in one of my earlier posts, this rise/fall in the Sensex is surely trigerring the normal indian to invest in shares and attaching him with a dream of being a quick crorepathi, a seasoned investor would say that this is a false market; better watchout!!!

There are various analogies that the right score for the Sensex is around the 15k at the present Indian Economy, the current score is very tempting for a novice to get into the Market dreaming/hoping to make some quick gains.

The Market is bullying week on week and so does is become a bear the once a week!! The huge difference in the value of INR against the USD surely marking down the technology and telecom shares, is surely helping the Export industry trigger off some profits.

It has been reported that the Reliance did sell off some of its shared in the Market and sitting on some cash offlate. Who knows if its ONLY RELIANCE? Only because Ambanis are in the limelight, everyone wants to see whats happenning to them.

I being just a Market Watcher and a very selective Investor, would wanna advise a novice only to make sure 100 times before he goes ahead and buys something. Only hope that he/she does not settle in for a loss. If you are in, make some quick money on it and get out of it. Surely buy some longterm shares, keep them; who knows? u might one day even be listed on the Board of Directors of it!! Be selective. Export industry is booming. Technology companies are just hoping that they do not writedown operating losses and cling on to be the best to their investors.

Wait and watch!! The Indian Market is Bullying and Bullying a long way I must say!!