Dated 10/02/2009
As per Elliot wave theory we are anxiously waiting for somewhat catastrophic event to occur to create a sudden panic and help the wave "a" complete to help market to bottom out.Our expectation of bottom level stands for 6100 to 6500 level for BSE Sensex.
Though the budget is ahead so the market may move on domestic cues and overlook the international cues.But something catastrophic such as serial Bombay blast of 1992 or Attack at World Trade Centre (WTC) of 2001 is very near or say to occur in Feb for finalizing the bottom of the index and giving a golden chance to investor for buy.
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