Ahead of June 4, be relatively light & in cash; curtail trading: Dipan Mehta

economictimes.indiatimes.com:

Dipan Mehta, Director, Elixir Equities, says he wants to go very light into the election season on any positions and any investments he is not completely confident about. Now that the earning season is over and done with, we have a far greater clarity on the prospects of all the companies, so from that point of view it is better to be cautious. If the results are good, then you will have the whole year to profit. But if it is bad, exit will be very difficult.

What should be the strategy ahead of not just June 1st but the big one – June 4th?
Dipan Mehta: Be as light as possible. Curtail all trading positions, options, futures, everything. Just enjoy the election result and watch all your news channels giving all their comments on what has gone right and what has gone wrong. It is best to be relatively light and in cash. The risk return does not really favour you. Even if it is a spectacularly good result, you will have opportunities to buy. But if it is a bad Lok Sabha result outcome, you would not get a chance to sell, that I am certain about.

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I just want to go very light into these election season and any positions I am not sure about, any investments I am not completely confident about and now that the earning season is over and done with, we have a far greater clarity on the