Current Market

Finally Sensex has reached 20000. This is a very good sign that Indian market is going high. But i think if the market falls from now it will be a very huge blow for each and every human being present in this planet. I just hope that there is no recession coming up again. If the proverb "History Repeats itself" is true then another recession is waiting for us in near future and every IT professional should make sure that they wont get any pink slip. Last time also Sensex had reached this 20000 mark and started falling down. I am pretty confident that our Sensex cannot grow further, may be it can expand itself to another 2000 points but it cannot expand itself further. once the threshold is reached then it has to come down. I just hope that this fall should not be a free fall where there is no support level for the market. Even rupee value is increasing drastically which is a very good sign. Day by day FII is getting increased. These are all very good for an investor. When i was in Hyderabad people were discussing that there will be another recession and in that recession 2-3 countries will go bankrupt. I just hope that whatever they were talking doesn't come true. Let this sensex falls down to 15000 but never below that. Mostly Indian IT professionals are working in service based companies where the company gets projects from other developed countries, majorly from UK and US. So if another recession comes then those people will not be having enough money to give us projects and if there are no projects then there is no way these service based companies get the revenues to pay salaries for their employees. This will force them to downsize resulting in thousands of employees becoming unemployed. I just hope that these things never happen again.