For Monday, as the markets are still in a state of flux, I am not suggesting to sell out of any of your existing positions. Most of the ideas are from a 2-3 months perspective and hence you do not have to really worry about the positions at this point. The undertone is still positive as long as VIX does not go too high and that is the key indicator to watch. Till there is some direction, I don’t suggest any action.
Monday will be more of an interregnum day before another holiday on Tuesday and then the F&O expiry on Thursday. Probably, the first clear indication will emerge from Friday this week. That is when you should take a view on positions and fresh ideas. For now markets may remain volatile in the range of 14,000 to 15,000 of Nifty as OI accumulation suggests.
For Monday, as the markets are still in a state of flux, I am not suggesting to sell out of any of your existing positions. Most of the ideas are from a 2-3 months perspective and hence you do not have to really worry about the positions at this point. The undertone is still positive as long as VIX does not go too high and that is the key indicator to watch. Till there is some direction, I don’t suggest any action.
Monday will be more of an interregnum day before another holiday on Tuesday and then the F&O expiry on Thursday. Probably, the first clear indication will emerge from Friday this week. That is when you should take a view on positions and fresh ideas. For now markets may remain volatile in the range of 14,000 to 15,000 of Nifty as OI accumulation suggests.