Another day where market does not follow a clear direction.
So: It is time to increase position. Be carefull not to sell position where direction has nothing to do with overall market like NRI and LVS. (for now)
On all other, could be the right time to cut position exposure up to 50% in you are in a real great profit position. DO NOT SELL 50% at the time but in increment just in case the market wait a bit longer before correcting itself. How about buying some beta share on the bear side ???
We all now it is coming, companies know it to based upon the number of secondary stock issues these days. They are doing it before market correct itself.
So be carefull, be logic and be patient. There is no correction like we seen in the past (that was a crash...) but a minor one in the range of 8-10% now as market has climbed again this week therefore an higher correction will happen. If cash position is correct, you will have a terrific fall and winter...
Have a good day
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