My thinking is that , market will reach its frenzy level before june mid, and then the reality of the world will sunk in to people and the Mini-bubble that is going on will make market come to 3500-3700 level , but before that you can reap profits that u wont make for next 1 / 2 years so fast,
I would say that , enter the market will short term period and get out if you see even a small trend reversal , and I think the trend reversal signs are going to come from daily FII net flows + commodity prices,
plz remember , FII are also not mad ppl , they are investing in india for making profits, if they buy at high price , they wont get much profit, so at some level , FII will pause to get a reasonable price. I feel a new bull market is near ,,,, one last dip in market is what I feel will start the bull run,,,
Dont think of timing the market, if it was so easy, then you would have been reaping benifits of today rally , and would have not been waiting to buy now.
(srry
seems like I have gone mad , and talking rubbish
)