Markets Rally to 19,000 – Base weak
Everyone is so happy with the bull run now that the benchmark index has touch the magic figure of 19,000. Having such a run fills up the euphoria among investors who would willingly put more and more money in the markets at this point.
Whats more important to note is that markets are at the peak now and there is no fixed high or low. If you have tanked profits today and enough to your expectations, this is the right time to exit.
A correction is overdue sometime soon however wont be a big fall. A lot of good news in the market will surely come but this rally is driven by the liquidity in the market. That means a lot of people are having some money to be used and they are using it now. The stocks will be pushed up further for a few days, some even touching 52 weeks high but be cautious.
Don’t start investments in the market now. Even buying MFs at this point of time is senseless. In two words, if you are new to market: STAY AWAY.