MARKET ALERT

NIFTY above 16660 completed the first target of 16820. And now trades very close to the second target of 17000 on spot. Above 17000 17100 it would get very difficult to trade this market
So need to stand at an exit door. Once the party ends on Dalal Street there could be a rush. Personally planning to reduce exposure significantly in some evergreen stocks like INFY HUL BRITANNIA L&T and ASIAN PAINTS. Holding these since last May Nothing wrong yet with long term cycles just a tactical move to raise cash levels. Large cap banks still worth holding. Globally NSDQ is slowly approaching zone of uncertainty. This tech index might get nervous in coming days. Time has come to be more watchful in Markets then being hopeful. Not to go short on futures. 16500 is a major support for now.