2. Though overtly the trend appears bullish but indicators are othervise as a remark by Commerce Secretary G K Pillai related to exports of India i.e. it is expected to drop about 31% in March 2009 from a year earlier led to market moving in negative territory at certain point of time during the trading hours. He had further stated that provisional figures of India''s exports in March fell below $12 billion, showing negative growth for the sixth month in a row. The import may also continued to fall by 37%. This is a known fact that recession is going to cast an impression on the growth story of the country.
3. Long term investors can wait for formation of Govt as a stable govt is key to the uptrend in Dallal Street amid the global slump. One can read a detailed explanation related to the fact that why one should book profit in Indian Stocks as none has gone broke booking profits from share market.
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