BSE not likely to break 8,000 levels.

>> Sunday, October 26, 2008

Technical analyst, Vishwas Agarwal while commenting on the market said, ``Due to global cues and continuous withdrawal of FIIs, Indian markets have crashed. High value erosion in equity prices shattered confidence of equity market participants. Every one has lost hope in equities on account of one and half month panic in markets.``

``No one knows the bottom of the markets and where it will stop. Investors have lost huge money hence they are unable to participate in next up move. Presently no one wants to enter equity market despite having liquidity due to lack of trust in the market, ``added Agarwal.

Agarwal expects BSE will not break 8,000 levels and some foreign investment buying will come around these levels.

Source: - MyIRIS.Com

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