market overview

NIFTY giving opportunity to reduce exposure at Higher levels in (Large caps). We are reducing our positions on higher levels as far as our holdings are concerned! We are preparing for a Longer term correction in markets hens, portfolios are edgested accordingly. We continue to hold mid,caps which were suggested earlier! Till the end of this month we are planning to increase our cash levels upto 45% of our portfolio. For Investors it’s a market to sell on rallies! Avoid buying the dips if you are a long term Investor. As far as short-term is concerned, the low which we made yesterday is about to break sooner or later. Whether that breaks tomorrow or, in coming days that doesn’t matter. There could be a Temporary bounce in NIFTY above 17,456 till 17,630 on spot! In short-term there could be impulsive upmoves but longer term trend is very much clear. Once 16,800 breaks wea at Gann,Price,Time,Analysis would begin preparations for 13,750 on NIFTY!