What does it mean for our Investments?
- Mutual Funds - If still invested in equities then be ready to pull the plug as soon as this coming bounce stalls. If invested in debt/bond funds then keep a watch on them and DO NOT take a loss more than 8-10%. For now it might be best to stay in FDs/Liquid Funds/cash.
- Stocks - ONLY invest in strong patterns and DO NOT forget to have STOP LIMIT on all open positions. You can check out our watch list here.
Market in pullback mode, be cautious...