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Originally Posted by marc guys,
why has the metal sector gone crazy ? ( especially steel - tisco )
i know demand for steel from china has increased. in that case isn't this bull run short lived. when is the appropriate time to book profits.
+marc |
at 10000, 11000 every time get pounded by people saying go in cash, markets will see corrction, never came in a serious way . Its futile to call the mrkt level and when wil the correction come in, experts have consistently gone wrong. Instead of levels of the mkrt book profits on stocks on whether they can move up or not from these levels like sugar still has some fiz in it.
TISCO has ben a stunner with increased prices in steel other than demand and hindalco getting benefits of aluminium.
The current run to 12000 was i think last weeks fall where MF's sitting with huge NFO cash saw relatively lower prices in stocks(liquidity driven as everyone says), good IT results or atleast they seem +ve had 12000 coming.
Book profits only if ur stocks have run up and reached their peak not if sensex is 12000 and wait of downsides to buy when everyone sells.