Hi Friends
As I have been cautioning you all from the past 10 days now, and have been telling that a fall is inevitable, yesterday dow closed below its supports level and was 238 points down due to housing woes and AT&T. We are expected to open gap down again today but we have to watch out wheather we are able to recover today as well or not. If u check my previous blogs i have been mentioning it time and again that this week we might see a fall in this week wed/thur/friday... I expect the 2nd half to be a bit more watchfull because the FIIs activity will start after 12:30.
Its always good to be in cash in a market scenario like this and we are happy that we are in cash (and have been advising the same as well).
Let this week pass out.. We have already taken a NIFTY 6150 PUT.. if the market falls then it would do wonders.. REMEM LOTTERY TICKET??????...
Happy Investing
Investomaniac
JAIDADIKI
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