We at Shikhar Capital had booked partial profits in our Midcap and small cap holdings like … Adani enterprise, Westlife, Associated Alcohol, Rain, Escorts, Dewan and plowed all these profits into TATA MOTORS.
But, Tata motors has been a downward trend and now we are feeling bit nervous.So why this downward trend?
So for last one month markets are flirting at 9000 level to 9300 level and we are booking profits bit by bit.
We have booked some profits in Adani , Rain , Westlife ,Escorts , Dewan housing etc and sitting on 15 % cash as of now. Some of the profits booked from small and mid cap like associated alcohol etc are plowed back into Reliance and Tata Motors.
So, it’s tough times as — “I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy. –Warren Buffett”