They will bottom out and they will go up. But I think one can go and pick PSU banks. Again, I do not think anything is topping out right now. That is something is there where the trend is ended. So, I feel that at the moment based on prices as they are today that seems to be an emerging trend. Most people will say oh! 20% is nothing because we have been so spoilt with what has happened in the last few years and in this 20% index move, you will find that a lot of stocks in the midcap IT space look even more promising. If I look at the IT index, I feel there is a 20% kind of upside in the index. Where do you think the price performance is still very strong and where do you think that price performance seems to be indicating that the trend is nearing its end? nobody knows! The trend will show its end by price performance. Rakesh Jhunjhunwala says you got to follow the trend where the trend will end. We are a part of a longer bull market but make sure you are in the right spaces. That is why I said that you are not going to have a index move but more importantly, stay invested. you will keep having these ups and downs. So what is our ability and then more importantly, is what is the impact on the market? These things are always great stories, great media headlines but we should do what we know and that is markets and prices which are in front of us and which is a reality. What is our ability as individuals? Even those guys who are there, do not know what is going to happen. Now people are talking about Karnataka results.
When I was to meet clients three months ago, the Nifty was around 10,000 and they were very concerned about North Korea, South Korea and people were pre-empting a nuclear strike and Nifty at 8000 and today those very people are talking about a Korean unification. I do not believe that one should sit on high cash because my experience in our markets has been that we are horrible at predicting global events. I am really not about booking out but still I feel what will happen is that one will be getting out of spaces or sectors which will come under pressure due to this commodity and currency or these macro issues. I have used this correction to aggressively get into the sectors I spoke about earlier. So for me, rather than sitting on cash, it is more an opportunity to deploy cash. Again these are not going to be runaway index moves but rather they are going to be c alibrated moves, says Atul Suri, Marathon Trends – PMS, talking to ET Now.Īre any of the financial charts looking toppish in the sense that you want to book profits there? Where is the opportunity to reverse course and take some money off the table? It is now a word to generally describe full-length albums released for free, which is the modern form of mixtape that was made a popular following by 50 Cent and his group G-Unit in the early 2000s, sometimes containing all original music, other times composed of freestyles and remixes of popular tracks.Consumption and IT are emerging as trends. In the hip hop scene, mix tape is often displayed as a single term mixtape. Also since the 1990s, it describes releases used to promote one or more new artists, or as a pre-release by more established artists to promote upcoming "official" albums.
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