As markets are highly volatile, the stop loss on either side(long or short) will be hit.Small investors will be put to great loss of capital.So the best is to stay away from trading until the markets stabilize, which will throw up superb trading stocks.Until then wait and watch.Only if Fed comes out with 75 basis point cut , the markets will move up.Till then the wounded Bull's will be licking their wounds.
Levels to watch on Monday closing
Above 5950 - Bullish
Below 5600 - Very Bearish- Can move upto 5350 levels!!!
IMPORTANT DISCLAIMER:THESE RESULTS ARE BASED ON SIMULATED OR HYPOTHETICAL PERFORMANCE RESULTS THAT HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE THE RESULTS SHOWN IN AN ACTUAL PERFORMANCE RECORD, THESE RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, BECAUSE THESE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THESE RESULTS MAY HAVE UNDER-OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED OR HYPOTHETICAL TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THESE BEING SHOWN. THE TESTIMONIAL MAY NOT BE REPRESENTATIVE OF THE EXPERIENCE OF OTHER CLIENTS AND THE TESTIMONIAL IS NO GUARANTEE OF FUTURE PERFORMANCE OR SUCCESS. THE AUTHOR BASICALLY BEING A TRADER MAY HAVE POSITIONS IN VARIOUS STOCKS RECOMMENDED
