There is nothing stopping the markets as of now. The contrarians may sound caution but everyone is deaf right now. Everone is looking like a fool (including yours humbly) having tried to predict the market. RONW, PE ratio, cash flows nothing has any value right now. Historical patterns are not there and someone is waiting to purchase at the higher level.
In all this I still advice caution. The markets may touch 16000 but will u be able to make money , will u be able to sleep peacefully. Invest smartly. If u have made profits, partially book them and divert your money into other asset class. Predominantly stay invested, but atleast15-25% of the profits should be booked. stock selection is the key.
When to sell is always a question. My suggestion
If u have 100 HLL shares , sell 60
If u have 100 Titan shares sell 70
If u have 100 Siemiens shares sell 35
If u have 100 Mahindra & Mahindra shares sell 60
Each individual stock which u have reassess them, put some time in researching your portfolio.
Those who want to enter the market for the first time, please select balanced mutual funds
HDFC Prudence
There are many good funds , pls visit www.valuresearch.com to select a five star rated fund.
If any one wants to take risks on individual stocks with minimum 1 year holding , then try
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