Market Update: Advantage of Rising Market

 In previous blog on 17^th Feb 2013, we predicted weakness in market along with advising selective stock picking. Subsequently market has fall to 18144 in Apr-13. From 18144, we had seen correction phase as well as upside breakout.

Last five week we saw market rising every week. We may see lots of volatility in coming period as market advances further. As market is rising and advancing towards high, we advice (in coming rally)
a) Exit from stock which may be brought in past rallies but now not performing well or future of sector is uncertain.
b) Exit from stocks where valuation is at peak, not backed by their financial performance.

Current rise reminds me, Jan-12 to Feb-12 sharp rally which saw sharp 3000 points rise in sensex followed by sharp correction. Let’s see how future will get unfold.

Disclaimer: Any purchase/sale of a stock involves a high degree of investment risk. Caution all investors that they may lose some or all of their investment if they decide to purchase any stock listed here.