Who could have thought 5800 would be violated so quickly?
Nifty closed at 5799.75...
I have only lost 25% in HCC and 30% in 3iInfotech. These are delivery stocks. Had bought them when Nifty was around 6300.
Should delivery stocks have a stop loss? I wish I had sold them earlier when I had lost only a couple of rupees on them.
Nifty is down only 8%, but these stocks are down by more than 25% each... Maybe thats what it means to be a high beta stock...
SG sir, do you advice selling these stocks tomorrow? If Nifty 5400 is indeed coming, then I'd love to take this 25% cut instead of 50% cut that I might have to bear if Nifty did indeed correct to 5400.