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A flat day ..........
After a speculator rise yesterday ,today we witnessed profit booking at higher levels.Nifty opened up firmly and was not able to cross the biggest psychological hurdle of 4950.IT stocks again rose on the second consecutive day but it was a mixed performance . While Infy and Wipro followed by mid cap IT stocks rallied , Satyam Computer was not able to maintain the high and slide off.Auto and FMCG were sluggish and in the last hour of trade profit booking was seen all across the sectors.As a result markets had almost a flat close .
Going forward, this being a truncated week. tomorrow we may see another round of profit booking .We may take some calls on defensive stocks from next week. Till then patient is virtue.
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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.
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