As mentioned in our last post http://www.kolhapuritrader.blogspot.in/2012/07/long-term-view-follow-up.html the profit has been booked at 5320-5350 zone or when NIFTY closed below previous 2 days low i.e. on 12 July at 5235 level. So in terms of index this is 9 % returns. Individual stock / mutual funds may have given returns in the range of 6-12 %. We think this is not bad during present market situation.
Via long term analysis we are trying to preserve our capital as well as to take advantages of short term up sides. So as of now no position. Right now our advice will buy only if NIFTY gives weekly close above 5378.75.
Those who are willing to take risk can again invest 33% of capital at current level i.e. 5180-5200 zone with stop loss of 5000 on closing basis.
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