Moneycontrol Be a Pro
Get App
Last Updated : Sep 10, 2015 09:28 AM IST | Source: Moneycontrol.com

Gap down certain but what next?

The trigger was the intraday reversal in the US market and most of the Asian markets gave up a lot of their gains of yesterday, so we should be part of that.


As was the suggestion yesterday, the market gave enough opportunity for you to exit positions yesterday or exit out of midcaps yesterday and move into the quality stocks or cash positions because the day before was a time to take fresh longs. Yesterday the market opened with a gap up and after that didn't build on to that - that was assures indicator that the market was tiring out or was showing signs of fatigue and this morning the market has got the trigger to give back those gains. The trigger was the intraday reversal in the US market and most of the Asian markets gave up a lot of their gains of yesterday, so we should be part of that.




The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Sep 10, 2015 08:33 am
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant