RBI is scheduled to meet next week and the market would await action on rate cut.
Sentiments are approaching higher levels. The risks of a sudden reversal have increased.
Traders holding long position can keep a trailing exit at 9,750 in the Nifty50.
Traders should enter longs only if the upper resistance of 9,720 is surpassed decisively.
The wisdom "when everyone is fearful it is the time to buy" is so difficult to follow.
Analysis of midcap & smallcap indices indicate that it's time to book profit, sit on cash.
Investors should adopt a cautious approach and invest through SIP mode.
Positional traders and medium-term investors can keep their trailing exits at 9,333 level.
The biggest fear for the market now is how efficiently the GST regime gets implemented.
Market has regained velocity to go higher, correcting the excesses quickly and swiftly.
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