As mentioned in my post "Market will react to results very sharply,,,," two days earlier..
"Though I am not very bullish on market at this time of time..(This is opposite to most of my analyst friend who have very +ve outlook for the market.)" .....market is showing huge resistance.
Market is getting over priced as it is reacting to the good results very sharply. .. In such a scenario do selective buying only.... Don't run after "hot stocks".
Even People with more risk appetite should book profit in shorter time spans with "hot stocks".
Good thing about this market is that after huge falls of jan-march, quite a few good scrips are available at reasonable prices, which gives investor plenty of opportunity for selective buying.
As an over all view market is over priced and the momentum is due to good results only. Any bad news will give market a tight jolt so be careful...
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