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Last Updated : Nov 04, 2016 08:26 AM IST | Source: Moneycontrol.com

Time to raise some cash levels

This is a market which will give you the best buying opportunity, will go to 200-day moving average and then bounce from there. So, the fall will happen pre-election and the rally will happen post election, the US election that is.


Look the market has a problem now because the problem is that there is way too much complacency in the market. Almost the consensus view is that this is a market which will give you the best buying opportunity, will go to 200-day moving average and then bounce from there. So, the fall will happen pre-election and the rally will happen post election, the US election that is.

It is too much consensus so the market may chose to do one of the two things one it might just trap these shorts already which are shorting the market for last many days and rally even before the election or it may not oblige by continuing to fall after the election, so it could happen.

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First Published on Nov 4, 2016 08:26 am
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