As you all are watching that market is making new lows day by day,and all the global cues are also coming out to be negative. In current scenario Nifty has support at 2445,if this level is breached on nifty then get ready for fresh selling pressure in mkt and then we will see lower levels of 2330-2210-2060-1925.So in any uprise of market,try to exit from long positions and better stay with cash ,and do spread buying for long term prospective. We may see some upsides in market,but those should be used for booking profits.
Nifty levels-
Support- 2445-2330-2210-2060-1925
Resistance- 2670-2740-2845-2980-3030
Those who are willing to invest for long term in share market can invest 40% here,and keep the rest 60% for averaging at more lower prices. Dont trade without any advice,as trading without any advice in current market means playing with knifes bare handed. Many stocks can turn into penny stocks in current downside ,so stock specific investment is necessary,to save yor hard earned money!!
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