Last week RELIANCE raised Rs 3188 Cr from treasury stock sale and yesterday SUZLON, JPASSO and CIPLA sold a combined $531million of stock (nearly Rs 3000 Cr); it seems even promoters are taking advantage on the best rally in Indian stocks since 1991 (news).
When market was at 8000 many promotor are buying the stack, now see the same promotor is start selling, they are best timer of finding the top of market.
[red]now adays lots of IPO also start comming and again there is reliance infratel IPO. if u remeber what happened after RPL and Rpower u can understand what will happen after reliance infratel.[/red]
also see the nifty PE its 22+. so all are alarming signal.
as i was expecting the correction last week of sep. or 1st week of oct. ( just trying to time the market ) i am still stick with the same. there is 100% possibility that i may go wrong. but correction may not happen immediately but anyway it won't send us an email that it is going to come!