After yesterday’s flat trade, the Indian equity market rallied today and Nifty and Sensex both closed at around 0.50 percent up at 8565 and 27942, respectively.
Market expert Sudarshan Sukhani still keeps the stop loss for Nifty at 8510 and suggests investors to not challenge the market trend.
He said that it has become difficult to re-enter stocks with this ongoing rally but his advice is to keep long positions and a tight trading stop loss at 8510.
Sukhani tells investors to move the stop loss again if the Nifty goes higher.
In the same interview, market expert Parag Thakkar advises to be cautious at buying at such high levels as the market is going through a liquidity surge and is euphoric.Watch video for more.
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