New Range For Sensex and Nifty

When I am writing this Post, Sensex have breached 13000 mark and Nifty also hit sub 4000. My view is that market will be range bound for the next few weeks. It may also depend on commodity prices especially crude oil price, which according to my view may correct significantly to sub $130 mark. And also political situations may affect the market to some extent. Lastly Q1 numbers will be below market expectations.

My advice to traders is to stay away from market for few sessions and for investors it’s good time to enter market with a minimum of 6-12 months perspective, if you are still nervous to get into the market, my advice to you is buy some scrips in lots, so that they can be averaged out.
If you people are not confident in picking stocks then you can leave it to the experts. Select some mutual fund scheme with a good track record. It’s also a good time to invest for tax saving purposes. Choose a good mutual fund ELSS scheme (with a good track record) which offers tax benefit. You also have the option of ULIP plans which offers tax benefit (80C section) and also life insurance.

Here's my selection of mutual funds under ELSS scheme where you can invest without any hesitation

-SBI-Magnum Tax gain
-Principal personal tax savings
-HDFC tax saver
-principal tax saver

Thank you all you guys for the support, see you in the next week hopefully with a positive market trend.