
There is little doubt that the overall picture as far as the market is concerned is bullish. But Monday’s trade, as well as the way the market has been behaving over the past few sessions, just goes to show that volatility cannot be wished away. Even in a bullish market, you will see profit-booking, rational shifting, consolidation, or distribution. Whenever the market attempts to move into a fresh phase of upward movement, these things do happen. So, even as you turn bullish, be prepared to deal with volatility. And that means being selective and cautious, especially if you are interested in the mid-cap segment.