Hold or Prefer Moveing to Cash
Upward move of 10 trading sessions came to holt yesteraday, when in a very volitile session morkets moved in a range of 80-90 points and finally closed just in red.
Volumes sore to more then 32000 Corers but the market breather was negative. Number of declining stock was far more then number of accending stocks.
Mumbai high court will decide on RIL demerger plans on 16th Sep. This will act as a new trigger for the markets.
There is no clear direction comming out now. A correction small/big is required for markets to shot up again ahead of expire of deravitives and result season. We adivice you to either hold you investments or move to cash where you are sitting on huge profits. Wait for couple of days to get more visiablity on direction which market is heading towards.
There are no picks of the day for today. Just a small piece of advice “Wait and Watch”.
Volumes sore to more then 32000 Corers but the market breather was negative. Number of declining stock was far more then number of accending stocks.
Mumbai high court will decide on RIL demerger plans on 16th Sep. This will act as a new trigger for the markets.
There is no clear direction comming out now. A correction small/big is required for markets to shot up again ahead of expire of deravitives and result season. We adivice you to either hold you investments or move to cash where you are sitting on huge profits. Wait for couple of days to get more visiablity on direction which market is heading towards.
There are no picks of the day for today. Just a small piece of advice “Wait and Watch”.
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