- Bottom is in and market takes off - Something like V-shape recovery which we believe is highly unlikely but very much a possibility. BUT not to worry, if this scenario does reveal itself then our charts will show us improvements which in itself will be our sign to get in the market.
- Range bound action - Market remains range bound between 6800-7400 area for a while and even takes out recent low marginally before reversing the trend for good. This appears to be very likely scenario considering current global conditions and current charts.
What does it mean for our Investments for now?
- Mutual Funds - If still invested in equities then time to hold onto this roller coaster ride, exiting now will be very expensive and painful. No need to rush to start SIP unless we get positive trend reversal sign. If in cash/ FDs/ liquid funds then it is wise to stay on sidelines.
- Stocks - ONLY invest in strong patterns with good earnings guidance and DO NOT forget to have STOP LIMIT on open positions. When market is in correction, it will drag everything down with it. Check out our trade size calculator to manage your risk along with potential buy candidates watch list.
New Service -
Take a look at our new service called "Quick Charts" which offers an easy visual way to look at daily and weekly charts of chosen stocks side-by-side. we hope it helps you in your research.
Market remains bearish for now...