Tentative. Thats the word for it. The way an Indian batsman plays in Australia. At 21000, the Sensex faces profit booking at every upmove and looks for direction from global cues.
Do we care? I dont think we should. The picks we have identified in the last few months are still good and their stories are intact. At the same time, if you feel some of your stocks have hit their target levels, start booking some profits. It doesnt hurt to keep some percentage of cash in the portfolio at these levels. Large falls could present buying opportunities for us. So keep some cash handy.
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