Well i have come across lots of my friends who have liquidated their portfolios so that they can be in cash, cause this crash has shaken the confidence of everyone from equity markets. . .Well I am also in the same camp who have sold off their equity well but my reason is little different. I am not in the camp that believes the markets would go down, but I am in the camp of those who feel that risk reward is perhaps not so favourable anymore. . . and well its nice to take some profits off once in a while :)
I am just taking some time to rejig my portfolio, wait for the opportune time to enter and then try to make some smart returns . . .
Coming back to the NIFTY, the signs are still positive, the MACD is still positive indicating that Nifty is trading with a positive bias. . .the range for Nifty has moved up to 4100 - 4500. Hence Nifty is doing alright. . .but really cant say whether Nifty will move ahead of its fair valuation or retrace back some of its gains, however as they say you dont lose your shirt by taking some profits of the table !!!
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