Dear Friends..
These days market is showing its real face, now I want to suggest you something cautionary....
Sell all your stocks in intraday position perday till april market is going to crash slowly , Nifty CAN reach below 5100 or in worst case below 5000 ie 4980,
I have buy position in Indiacem @ 139 , Punlloyd @ 176 relcapital @ 776 and Rolta @ 192 all are down 6-7% and in my view no hope in these stocks atleast for april future so I will exit and wait when all is stablised then again I will buy but for time being I will exit and remain on sell side.
and in My view NEVER BE A BUYER in confuse market , whenever You will buy you will go for huge loss.
So be a seller in this market and which ever stocks result comes Positive just buy it and whose result is just as expected Hammer it.
And dont Go for buy on CNBC's call for Good Known shares as they "tell and share fell"
Remain on sell side for april.
My Fears have some reasons.......which are given below..
*Market dips 40 points nifty10-11 points but share dips min 2-7% (that shows selling is there)
*SEBI-IRDA on ULIPs led market down and didnt let increase it.
*With SEC initiating a fraud case on Goldman in the US, global cues are unlikely to provide too much support for now. In fact, there are fears that as the case unfolds, global markets may take another beating and one huge beating.
*SGXnifty now showing 82 points down means nifty around 5170-5180 and this will lead more down side in slow fashion.
So remain on sell side until you see 200 points move upside and nifty 5350+, and meanwhile book profit always.
"Avoid trying to catch a falling knife, and simply wait out the turmoil before considering any re-entry"
I found these lines on somewebsite and Liked so pasted here and this time its very true..
Updated with view of ASIAN market.