Market looks top heavy, might sway a bit and go down before emerging up again(sometime during muhurat trading, i believe).
For all those invested, cut your exposures in:
1. Mid and small caps
2. Sell stocks like IT to the extent of 25-33%.
Stay atleast 30% - 33% cash. All stocks look heavy now, expecting a downward bias. Maybe now, maybe after Infy results. But stay atleast 30% in cash by cutting holdings to reduce your losses and take advantage of opportunities now.
Disclosure: I have cut my exposure in Tide Water Oil to 0%, after it touched a high on 49XX and again came down to 41XX, got time to sell as it was not on circuit yesterday.
Planning to sell 1-2 more midcaps.
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