Remain in sidelines

As the reasons for current market turmoil are still unclear ( except we ran too far, too fast), I suggest you to remain in sidelines. Those who got Reliance Power allotment may sell 75% of their holding today and book profit whatever you get. Don't bottom fish now. Don't day trade as odds are not in our favor. Select sectors may exhibit pre-budget rally. In that case, book profit in every 10% rise or use trailing stoploss to book profits.

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