Calm of NIFTY Stocks

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Dear Investor,

I looked at all the NIFTY stocks and there charts. I found Maruti, Tata Motor, TCS are the only once which are in uptrend. The value discovery process is still on. Rest of the lot is just moving up and down as if the value has been found. It does not necessarily mean that those are overvalued in any way. It just the fight to go higher is not there.

I feel the calm in each stock, like all of us are calm within ourselves. We are waiting patiently to check the next action of market. Many of us have been compelled by the market to buy at price which we would not like. Market does compel us to do such a thing. But the market is not moving. Its calm. The calm is too much to tolerate the silence of the huge marketplace. I do not find anything that it really one should buy.

One should not be 100% invested in these conditions. Market might move higher or not, just the inaction by the players is a cause of concern. We should keep some money for future market action. The next move is not certainly up. Well nobody can really see the future, we can only conclude based on the past actions. Last weeks actions are not very exciting. The excitement is dying.

Give a serious thought about the calm in this market and your portfolio.

FII have not stopped buying. They are still on the buying block.

Thanks
Anil



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