Gitanjali Gems is Moving Higher

Dear Investor,

Gitanjali Gems is moving higher. It has cleared a significant base and should be in our portfolio. No position should be all in since market can change direction any time. All the stock markets are resilient to any negative news. US markets just shake off any bad news. Market is just chopping around a narrow range. Similar is the situation with India market.

Last week did not make any significant character change. Market is still in overbought condition. Earnings season is kind of coming to conclusive stage where not many positive or negative surprises were given. Under current situation only solid stocks should be on buy list. If possible wait is advised until market works out extreme overbought condition.

Many stocks are lining up for long side breakout. If you believe what market did last was the big move then I can only tell you that it was tip of iceberg. A whole amount is waiting to come out of ground taking stocks to never imagined higher levels. We need to wait for that moment. The foundation is in making, building shall follow soon.

Thanks
Anil
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