Gammon India

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Dear Investor,

Please add following stocks to your watch list

Gammon India Buy up to 200 Stop Loss 190 Book Profit 240

Gammon india has been consolidating in a range bound trend for a while. It recently showing good signs of next leg up. But It is advisable to take only small position at this time and add more when the trend is confirmed.

I am getting few bad news here on CNN and CNBC

Some kind of terror plot has been uncovered that could bring negative sentiment. Traders are looking for reason to make the pull back happen. This news could give them a chance to begin the sell off.

Other important meeting about Dollar strength will be tomorrow. Why should we worry about it? Well, if the US Fed starts pulling out the free money from the system then dollar will suddenly start gaining strength which is essentially going to be negative for the market.

The market is not ready to pullback yet. It will continue higher. FIIs are pouring money into Indian markets like there is no tomorrow. Huge cashflow is happening into India market. There has not been a single sell day in past two weeks. Its hard to believe the correction will come easy.

Many index components are getting out of consolidation pattern and have started moving higher. For Example PNB is moved out of its previous high of 700. SBI is moving higher. The buying pressure is too much for any kind of correction.

If you are too much excited to buy this is certainly is not the entry point. Take very cautious positions.

Thanks
Anil



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