I'm moving out of HDFC in the Short-Only Strategy. The price has moved up sharply and I don't buck the trend.

Now, it's time for results and a lot of positions will emerge after results and weakness thereafter. The positions in Bharti and Nifty remain.

At this point, we're still doing a 10% return, over four months. Not exciting but I need to really understand weakness - it will be in individual stocks, not the index.

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