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Indian Stock Market - A Buying Opportunity in this November 09 with our analysis
of the price action and seasonal factors(October effect) the markets registered
its largest monthly loss this year and tested our mentioned worst-case downside
target of 16000/4750. While these levels were broken last Friday,
we(http://www.insighttechnical.net) think it is temporary in nature, as the
process of bottoming out has already begun. Understandably, the markets are
deeply oversold on most technical parameters with little room to correct
further.We (http://www.insighttechnical.net) think the current move is a
shakeout and could be followed by a similar recovery.

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