Buy on declines would be the prudent strategy as possibility of minor profit booking at higher levels cannot be ruled out which would offer incremental buying opportunity to ride next leg of up move….

Dear Trader… Equity benchmarks witnessed profit booking as Sensex approached the psychological record highs at 50000 levels and the Nifty index surpassed the 14750 mark for the first time. It consolidated at higher level for most part of the session; however, the indices corrected sharply from new highs and traded