So, the market is at an all-time high, and we are inches away from Nifty @10,000/- Valuations of mid cap and small cap are so stretched, that some MF like DSP black rock has stopped taking new fund flows.
We at Shikhar capital started getting cautious at 9000/- booked lots of profits in mid and small at 9600 and now sitting idle.Lots of profits were gone into Tata Motors which is muted and Jubilant food works which have rewarded handsomely after Q1 results. And now we remember the following quote by John Keynes
“The market can stay irrational longer than you can stay solvent.”
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?