Tuesday, November 23, 2010

Wait till 18,700 to jump back...

Did I not warn you in my earlier postings, October 10th 22nd, and so forth......

This is what I had mentioned in the past: "FII's will rush-in tamper the gradual rally increase the prices of stocks, book profits and rush-out. Its a no strange phenomenon with Indian market!!"

Now don't mention to me that the market has corrected due to Korea's tension!!! Some one gotta be insane for giving out that reason!!
Technically, 18,700 (red line) is looking right level to re-enter Sensex. Another 1,000 points correction.

Happy Investing!!!

Data: Bloomberg; Wealthy Opinions

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