BANKBEES : Booked profit for about 4.46% of invested capital
Price reached close to all time high. But I'm aware of the fact that there is no negativity to hit the market anytime soon that may push the market to the downside, as of now.
Yet technically there is high probability for a sell-off and I do believe that news creates volatility and not direction. So I decided to take some chips off the table and book profits in the scrip.
But if the market rallies further on, I do have positions in HDFC and KOTAK Bank and they will perform. At the same time if the market crashes then I'll use the capital along with the profit from this position to add new positions in the sector at cheaper valuations.
Yet technically there is high probability for a sell-off and I do believe that news creates volatility and not direction. So I decided to take some chips off the table and book profits in the scrip.
But if the market rallies further on, I do have positions in HDFC and KOTAK Bank and they will perform. At the same time if the market crashes then I'll use the capital along with the profit from this position to add new positions in the sector at cheaper valuations.
