Hi Friends
As i told you all that these are times when one should stay away with the markets. Today a huge gap down opening.. (As of now 790 points down in the first 10 minutes of trade) giving up almost all the gains for friday. Consider those who have bought good positions on friday on a rise of 1100 points. All are in losses. Hence it is being time and again prooved that staying away from the markets until and unless a clear trend emerges (either upwards or downwards) we should hold on to whatever little positions we have been holding and just wait and watch.
There are few very announcements coming this week both globally and locally.. RBI Meet on CRR cut, Fed Meet for yet another rate cut and above all the F&O settlement for this month (which is very crucial).
I am not telling that we will go down from here. We might head upwards as well, but there is a lot of uncertainity at this point of time and hence I would recommend all the PLAY SAFE Investors to STAY AWAY 100% or at max BUY 25% of your cash.
Happy Investing
Investomaniac
JAIDADIKI
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