Jul 12, 2007

MARKET AT NEW HIGH

Markets are at new high. I feel it is most prudent to book as much profit as you can tomorrow at highs and reenter next week. The court decision in Reliance case is posted on Monday. Watch out for its repurcusions on market if the verdict is adverse. On the whole it is best for all individual small investors to be very cautious at this stage. I am not trying to be pessimistic but only pointing out that at this stage the risk reward ratio is rather unfavourable. All the best.

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