Re: Bloodbath on the market
dear milind
the market will hold good until tomorrow. better sustain your positions. u can see green till this week. as soduku is stressing on closing above 18975 i personally feel that there will be a minor correction next week even though it may try to reach 18500 levels this week. ministry voices are there for some buying in insurance and other corporate fund houses till this week. they will cry foul on external crisis and may not hold this level.
better members correct their short levels and strictly enforce stop loss on all counters. avoiding day trading may be good unless we are confident of actions. market news is that margin trade may not be allowed to majority traders during this week and hence the market will hold good for this week.
we should see f & o interest tomorrow to come for a conclusion.
most members do not have blood and hence there will not be any bloodbath expected for this month.