Markets will consolidate and the start the gradual process of recovery. Sensex might remain for quite some time in 10-12K range ( till elections I think) but watching the sensex is like missing the woods for the trees.
Individual stocks will rally 30-35% in the next 2-3 months. If you had bought Bank of India ( and quite a few others) on the Monday of Diwali week you would be sitting on a cool 35% profit !! Trick is to forget the sensex and look for value. Anyone willing to wait 2-3 yrs can easily get returns of 80-100% plus ( tax free) , which no FD , FMP , MF or Real Estate can give !
my sample stocks are still trailing the nifty by 6-7% !
