In this afternoon section, the market has fallen further to 5225 (Sensex 17395). Does the nifty has some support at this level or more disappointments are expected. Can I re-enter the market at this point of time?
In this afternoon section, the market has fallen further to 5225 (Sensex 17395). Does the nifty has some support at this level or more disappointments are expected. Can I re-enter the market at this point of time?
u have not mentioned ur mode of strategy...
anyway>
as a short term nifty trader u can enter long below 5200 (futures) with an intraday stop of 5150...
as an invstr u should keep a stoploss on a closing basis of 16980 & exit 50% holdings...
as a positional trader the same stop is valid
in a nut shell ,no shorting or panicking till v r abv 16980
while the US economy comes out of the doldrums ,the hot money chasing EM's now look poised 2 turn in their own countries...that xplains the reltive under performance of our mkts vis-a-vas US counterparts...
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