Market View 18th Oct. 2008

Sensex WEEKLY close 9975 on 17th Oct. 2008. It is very close to 9779 the worst case scenario as described in my market view given on 15th Jul 2008. In my opinion the market has either already made a bottom or is very close to making a bottom. My view is that 8799 the June 2006 low should be the bottom zone for the sensex with a weekly closing figure of 9779. I would advise start of buying from present levels.