The levels to be observed very carefully for nifty are 4975 on the down side and 5220 on the upside. Nifty likely to bounce a bit in the upside or stay in a flat end in the next couple of days.
Market doesn’t like the uncertainty in the near term there is no big event which can lift the nifty towards the north side. Dollar indexes, Gold prices, Crude oil, VIX all are indicating that we are going to have a decline for short term.
Right now, we are getting some signals that some big correction is likely to happen but the clear picture will emerge in the upcoming days.
Traders should keep a stiff stop loss,
Investors are needed to have a cautious look and should be with the at least with 30% cash. (Irrespective of the stock you hold)
Be and make