If I trading like before may be I would have acted as u said. My taught is more or less similar to your reply . but what to do ... I must follow the system and any violation will result is losing my left hand small finger.
When u entered long position previously, U should have waited. Thats the place u should hold. But u exited. Now, market has come to the place where stiff resistance occurs. But u are tempted to go for long.
Every party is opposing govt's move. so, high probability of withdrawing some measures. 25 pts reduction in crr is not big one.
In my view, coming days will see correction. On 20th, nationwide strike is there. Mamtha is threatening the govt.
Even oil cos like bpcl, hindpetro are coming down which shows, diesel price may be reduced. Even fdi in retail may be deferred for some more time. Then, stocks like pantaloon will will see downward correction
So, u should have waited some more time.
Every party is opposing govt's move. so, high probability of withdrawing some measures. 25 pts reduction in crr is not big one.
In my view, coming days will see correction. On 20th, nationwide strike is there. Mamtha is threatening the govt.
Even oil cos like bpcl, hindpetro are coming down which shows, diesel price may be reduced. Even fdi in retail may be deferred for some more time. Then, stocks like pantaloon will will see downward correction
So, u should have waited some more time.