Best Time to BUY

I happened to have the privilege of talking to Mr. Arpit Wadhwani today, who is a broker in BSE with more than 14 years in the market. The fall of Sensex to 11328 and Nifty reaching 3500 was something I had failed to see. At best I saw the Sensex falling to 12500 as this was a big support. I was surprised to hear what Mr. Wadhwani said.
"These are good times for me", he said. "For people who know the markets and are here to stay, this is the best time to buy, and buy more".

In fact, he told me that he sees a further downside as low as 9300-9700 levels. FIIs pulling money out of the markets and channeling it into the US markets will cause short term tremors, but the upside after these levels is huge. It will be much easier for the Sensex now to catch up to 15000 levels than it was a month ago.
That to me is some reassuring news from someone who knows the markets very well.