Market in an accelerator phase of decline; take a hit and get out: Jai Bala
“The market is in a decline and multiple sectors are breaking down. Reliance, banks, and IT are leading the way down. IT is on tenterhooks and Nifty IT cannot afford to go much below where it is right now. Multiple sectors are breaking down at this point. If we have a close at these levels, Reliance, banks, and IT could be leading the way down. Investors should cut out of all long positions, take a hit, and get out.”
