We had suggested last week that you could get greedy when others are fearful and thankfully, the festival of lights did bring in a lot of brightness to the market. Stocks have bounced back as if the world's woes are over. We all know that the worse may not be over as yet but Friday saw fireworks across the board. Falling inflation, cooling crude and a host of measures by governments and central banks augur well for the economy in general and the market sentiment in particular. However, a reversal in FII flows remains the big trigger for our markets. Till that happens, confidence levels may continue to remain lower. Our research team has prepared an India Infoline Model Portfolio (IMP). In uncertain times like this, we suggest you stick to a couple of stocks from the model portfolio and gradually build up your positions as the situation improves. At every sharp rise, keep booking some profits.
Sunday, November 2, 2008
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