Wednesday, May 5, 2010

Environment has changed

Wall street tumbled down on fear of European debt crisis. We were  cautious of this uncertain environment and booked profits and sitting on cash for another opportunity.

Keep Banking stocks particularly Axis, Yes Bank, LIC HF , IT stocks  and mid cap pharma stocks  on your radar. Wait for the market to become stabilise. Metal sector will remain under pressure.

Not taking any position is also a position.

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