Its not a time to sell
January top -21206 low - 15332 fall-- 27.7 %
May top - 17735 July low - 12514 fall :30 %
Going by the previous falls markets will get highly oversold and bounceback should be very near. if we take 30 % the level comes to 10880 markets should give a bounce back from near this zone. this is not the time to sell.u can invest 60% cash now .... Better to be patient and wait to get better days as companies continue to work and markets too.
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- Stock Trading involves high risks and you can lose a substantial amount of money. The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip.