Euphoria !!! Only 170 Cr cash volume on NSE… & its up 20%. Isn’t it Strange ???

I would term today’s upside (two straight upper circuit 20%) a clear Euphoria. Definitely I agree that general sentiment has been change to positive now, which was some what subdue before election result. But it can’t be termed as end of worries which still persist in world market and in India. Concern like Fiscal Deficit, Global Liquidity (which will end soon) and Rupee appreciation (If it happens, suddenly & sharp). Let for now we forget worries and enjoy this good feel factor, and cheer for Historic Upside. (It’s happen first time in History of NSE). For Tomorrow I would say stay away from market, to all my dear Traders & Investors Friends. People who are running long, can hedge there profit by buying PUT or shorting Future. Don’t Short Sell now, wait for bear indication, today is first day of bear indication, but it should suffixes with another couple of days, before you go short. (Remember even rising market gives bear indication, and Falling market can give you bullish indication, only thing which differentiate Master from Amateur is indentifying right indication when it happen). @ Today’s close Nifty P/E stands at 19, another 10% - 15% up move will make it bit expensive, and then correction can follow. Don’t Jump to either side of market or otherwise you can be chopped in ruthless manner. Buying Call & Put simultaneously will give you Best Return going forward from now. Wish you all Prosperous Time.