Tuesday, March 29, 2011

FOLLOWUP PYRAMID OF EGYPT

Many friends ask me about why such a huge reversal from the base as they are convince with the news flow which is coming to support the chart view. I explain them in given points * March settlement brings huge funds flow from domestice as well as FII. * I still believe its not a good time to invest in market its a trader market. * Charts follows the news, news doesnot follow the charts so news was positive like big fund flows, etc lead the market but stock specific movement was quite low still broader market is not as good as it should be. *The next trigger will be monsoon only if monsoon will be good to normal this PYRAMID OF EGYPT needs to be relook * I advice cautious view at current level DISCLIAMER- OUR ALL POSITIONS ARE HEDGE PROPERLY AND FOR STOCK SPECIFIC MOVE THAT WE FOLLOW LOG ON TO www.stocksjyotish.blogspot.com

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