The markets did a complete downturn on the backs of a historic turnaround in the Bihar poll results.
Many of my clients and friends ask me where is it all headed?
I have a simple answer: there is no soothsayer who can predict where the market is headed. But we can draw on the wisdom of the last 25 years and at Blue Sky ( www.blueskygroup.in ) that is what we seek to share.The consolidation has started and we could see it all stop in the 5700 levels. Which means it is a good time to do the block transfer from the existing safe STPs to the equity - around 40% of the portfolio I would assume.
The Bihar poll result says that the' jaat paat 'of the poll has started to wean off - if only Nitish and his band of men dont lose sight and integrity midway. This could be a trendsetter for the rest of eastern India., I assume. Bengal needs to seriously pull up its socks. My learned friends on FB have written no less. I agree with them that it is time we got out of our reverie and the feeling of despondency and going out and telling people to start making the changes and demanding the changes.
On an advisory note , for the uninitiated - start the SIPs now! before it is too late.
The best age to start is when you ae in college and believe you me, you will not regret.
Anyways, so much for today...signing off now!
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