Lighten exposure at higher levels: Sanjeev Agarwal

Sanjeev Agarwal, Director, Dynamix Research & Capital Management in a chat with ET Now talks about the stocks he is tracking.

Are you tracking any of these stocks, Usha Martin, Gujarat NRE Coke, Thermax and also RA Drugs?

Definitely. I am right now focussing more on the large caps and Usha Martin had been showing very, very strong accumulative pattern somewhere around 65 -70 earlier and it has moved up now again, so there is some steam left in that share but overall I am not too bullish on the stock market per se at these levels. At the higher levels, one should be actually lighten their exposure for time being and wait for the right opportunity that it is my advice to the investor and that’s what I am following with my investments.