India Markets Weekahead: Keep shopping list handy for panic days

The markets will require a fresh trigger for logging any further gains, in the absence of which we may re-test sub-8000 levels. With fatigue setting in, the markets would move towards 7800 over the next few weeks and I don’t rule out a panic fall to 7500 due to a mid-cap and small-cap selloff.

I continue to maintain a cautious stance on the markets and would recommend traders to use the upside to lighten their long positions. Investors should get their shopping list ready for staggered buying on those days when there are signs of panic. We are in the midst of an overdue correction in a long-term bull market. One needs to stand out from the crowd and utilize the opportunity over the next two months.

https://blogs.reuters.com/india-exp...head-keep-shopping-list-handy-for-panic-days/