I can't say anything at this moment but I won't buy a single stock before 4500 .
CoolTrader7890
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@pawanbirla, ohh so u will sit on cash till 4500 but its better to deploy at every 1000 level break for long term in 5% sip i think because we cant be sure where the market will reverse...
TukkaNomist
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@CoolTrader7890, I agree with you 100% that nobody can pick up bottom . I had bought call options at 8800 and exited at 9500 because of fear. I think we have just come out of ending diagonal of Wave 5 of elliott wave. I am not an expert on elliott and just draw waves as per my imagination. :-)
CoolTrader7890
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@pawanbirla, same here bro it happen i had 10500 march put @35 20 lots i bought 2 months back today it is more 1300 i sol because of fear when market was racing towards 12500
CoolTrader7890
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@CoolTrader7890, i sold it 60 rupees i didnt knew market wld go like this
TukkaNomist
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@CoolTrader7890, That's how our emotions control us. I just bought call options after spotting replica pattern of 2008 correction. I wanted to hold for 50% retracement of 12400-8500 but greed of profit booking and fear of being wrong made me do what shouldn't have been done.
CoolTrader7890
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@pawanbirla, ya seriously thts why i have shifted to cash for sometime in stocks anyways nice talking to u bro...
sanketsudan
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The global factors haven't been abated as yet. In fact with lock down commencing the economic situation is going to worsen pretty soon. Moreover every big fall has a second leg and perhaps a third leg. Definitely lower levels will come though the quantum and time period is a mystery. History repeats itself in stock markets and this fall was on the cards for quite sometime now. I am learning to short the market!!!