Highly successful stock pickers go through training on how to cut their losses short. This means selling a stock when it is down 7-8 percent of your purchase price
Looking at the current state of Nifty, it seems unlikely that the market will touch 9000 anytime soon, says Ashwani Gujral, ashwanigujral.com. So he recommends booking profits but suggests avoiding going short at current levels.
Technical analyst, Sudarshan Sukhani of s2analytics.com spoke with Latha Venkatesh & Sonia Shenoy of CNBC-TV18. He shared his reading and outlook on the market and also gave recommendations on various stocks. He said, â€œWe should be short or we should try to go short.â€ He believes the trend is down so he would be on the bearish side of the market.
With the market falling again after a savage fall yesterday, CNBC-TV18‘s Nigel D‘Souza and Sumaira Abidi spoke to veteran broker Jagdish Malkani to get his views on the market. â€œThe bull market is not going to go away in a hurry,â€ he said. â€œ8,500 should be a very big support level.â€
A poll of 25 currency strategists showed the yuan will appreciate slightly to 6.19 in a year. On Friday it was around 6.26. The survey also found the rupee may weaken slightly to 63.5 to the dollar in 12 months.
Let the market show some strength and selling is going to be difficult, but if at all a trade will emerge today or tomorrow, it will be on the short side, Sudarshan Sukhani, s2analytics.com said.
We are in some kind of a correction and a correction is a counter trend movement in an ongoing bull market, says technical analyst Sudarshan Sukhani.
Siddhart Bhamre of Angel Broking is advising market participants to short positions for now.
Market experts suggest investors to go short till 5,750 and recommend bets on the pharma sector while clearly avoiding PSUs.
The taller a woman is, the more likely she is to get cancer after menopause, a new US study has claimed. In a study of 20,928 postmenopausal women, researchers found that for every 10-centimetre (3.94 inches) increase in height, there was a 13 per cent increase in the risk of developing any cancer.
Learn the art of Futures & Options with equity derivatives expert Siddharth Bhamre of Angel Broking.
Rahul Mohindar of viratechindia.com believes that Nifty could fall further to 5430, which will provide enough opportunity to build short positions.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com advises investors to stay away from the Nifty.
In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com advises long-term investors to build on their portfolios by cashing in. He says, "This is not time to buy."
Understanding the Support and Resistance levels of a particular stock will help decide when to buy or sell it.