Moneycontrol
Apr 05, 2017 08:24 AM IST | Source: Moneycontrol.com

Time for risk management

The sense I get is that the kind of basket buying that we saw on Monday as well Reliance, Larsen, HDFC of the world is indicating a smacking of that buying.

This is your pre market set up, well the set up for me is pretty simple. You got to now get some risk management involved. Don’t short this market yet because this is not a market in which you should be shorting. This is a market in which you should be buying, but you should be getting some hedges involved now because this market is now exchange-traded fund (ETF) driven and ETF driven markets are vulnerable to sharp corrections. So, the sense I get is that the kind of basket buying that we saw on Monday as well Reliance, Larsen, HDFC of the world is indicating a smacking of that buying.

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Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.

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