Good time to book profits
The week gone by has beenextremely choppy, and being a full five-day week after so many holidaysbecame a bit of a drag midway through. The coming week is again veryshort with just three days of trading. Thursday is a holiday on accountof elections in Mumbai and Friday is a holiday on account of May Day,which is more or less a global holiday.
This week maybe a goodopportunity to reduce positions by booking profits in the rally whichis likely on account of expiration. Global cues may be ignored in theshort trading week. More
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