There you go , a paranoid market...looking for a marker to peg a free trade for its small pool of benefactors. Why owould you jump 5% back in the same day with conditions as abominal and the surprise that youa re about to improve into a better performer amongst others not following? news flow had probably dictated its last trend in 2011 the way market has split ranks after its pet FIIs derated it. Or probably its just a wild ride till you find a good place for a new short on the banks and the Bank Nifty which is on its way to become the most trade contract with the banks such a repository of value for a 75+ growth nation that is "obviously going to bottom out with this under 7% performanc e in the December quarter" The only problem is this time the Dollar is probably on its way to 65 before Oil thinks of dropping below 90 and that is a nation held hostage...

Posted via email from The India Investment Post