is Indian market finally making bottom!

                                                                                                                                                                                           some of the most dramatic things happen in last fortnight or so. despite many concerns and global jitters , Indian market show strong support around 4800/15800, and seems like that it don't want to go below it.while it was already down around 12-13% from recent high but holding in last few of days giving many outbound things. first, and foremost valuation which determently says about its holding of level. with FY13  EPS of around 1333 and FY14 EPS of 1509, market is discounting by participatitant by less than 10 times , if looking 2 years forward, which is even more dearth than levels of 2009, in absolute value terms and also on the basis of book value ratio, Indian market is around 30 percent cheaper than the 2009.brent crude fall around level of $98/bbl and indian crude basket is around $98/bbl, giving all short of much needed relive for market and policy makers. if it sustain below it than it will major positive for India.

                                                thus, we can hope that if something globally don't happen drastically , it may be final bottom for india.