I look through many stock charts in a day. Usually I see few great and few poorly performing stocks. Today I am not comfortable suggesting any India stock tip. Even though the NIFTY is up, if you really scan through the individual stock charts most of them are showing beginning of exhaustion. I am recommending to book profit on all the position we suggested last month.
It is time to wait for some time while market defines its new course. I believe we are in a confirmed uptrend. A correction is over due for the market.
Be careful and be fearful of this super excitement. Nothing survives if you keep churning it at a high speed continuously. Its time to find a cool spot and let the market run for while. Those you entered early and grabbed profit should stay calm until couple of weeks.
The earnings season is over and nothing is cheap.
Those who like trading no matter what the condition is, they could buy GT Offshore. It has been showing some great momentum
Keep happy and Keep cool
Thanks
Anil
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