On Friday, USA and Europe markets have cracked huge and it generates worry.
Now since expiry is nearby and we are around the supports, market may give
some bounce. But the volatility may exist for quite some time. It is better to
avoid buying in the market and exit all longs on the bounce.
Buying is advised only after market settles down as we see more cracks in the
market in the next series looking at USA market crackdown and major worry
is from the Shanghai market which has cracked very badly.
Out of all the other markets, India is still better and has not lost much compared
to all other markets. After market settles down, it will provide excellent opportunity
to buy again. But till then avoid buying.
Long term investors need to look for buying opportunity at all corrections around
7800-8000 in good quality companies.
Now since expiry is nearby and we are around the supports, market may give
some bounce. But the volatility may exist for quite some time. It is better to
avoid buying in the market and exit all longs on the bounce.
Buying is advised only after market settles down as we see more cracks in the
market in the next series looking at USA market crackdown and major worry
is from the Shanghai market which has cracked very badly.
Out of all the other markets, India is still better and has not lost much compared
to all other markets. After market settles down, it will provide excellent opportunity
to buy again. But till then avoid buying.
Long term investors need to look for buying opportunity at all corrections around
7800-8000 in good quality companies.
Stock market brings a lot of investment opportunities for the traders who are showing great interest in stock market trading. By implementing MCX Tips, traders can convert investment opportunities into high returns.
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ReplyDeletePrices for front-month Brent crude futures, the international benchmark for oil, were at $54.28 per barrel at 0149 GMT, up 11 cents from their last close.capitalstars