Since Mr. Modi has taken over the charge as a new Prime minister of our country, even the sky is no limit for people's expectation. Also it has made our macro economic factors favourable. Our country's image in the world's eyes is now elevated. Though he has many challenges to face the emerging economies and developed countries are eager to join hands with him. Prospects are good and long term vision is improved. This makes us enter in to long term bull market. After May 2014, every month sensex has achieved a new high. Analysts expect sensex to cross 30000 till the new Budget is announced. Let's not stick to the figures but the sensex is going to go much higher from here.
At this point it is very hard to enter the market. It has rose very high now. No market can go high and high vertically. Corrections are going to come and at this time market is giving some correction. Use corrections to buy for long term. Long term investors will gain the most. Traders will have to be cautious and stock specific. Infrastructure, banking, FMCG, pharma sectors are going to give good profits. Mutual funds are also a very good option.
ARVIND LTD is yet a very good buy. CMP Rs. 318.