05-19-2006, 11:51 PM
There might be something to the timing but in general I think this correction is healthy. Inflated stocks were driving every other part of the economy crazy - esp in Guj/Mumbai where everybody I know was investing in stocks and making money (just on the fond hope that the ride will continue and FIIs will keep on dumping money).
My personal take - 8K has good support and after that 6K.
My personal take - 8K has good support and after that 6K.