What does it mean for our Investments?
- Mutual Funds - If you are still invested in equity funds then use this bounce opportunity to exit the markets, as soon as you see this bounce is failing then its time to sell. For now remaining in cash or liquid funds appears to be better option. Keep an eye on commodity funds which might provide the next investment opportunity.
- Stocks - Make sure you have STOP LIMIT in place for open positions and take partial profits.
Market bounced from extreme oversold level, however outlook remains bearish...