Nowhere to run, nowhere to hide...
This is the time to do or die...
we can perhaps add
If u have the cash, go out and buy...
If u are stuck, get ready to be fried...
If u are in FNO, commit suicide...
Above all thank (or curse) SEBI and FII...
Managed to go in cash myself yesterday only. Thank God!!
For people who are stuck:=
1) Take a Deep breadth & calculate (-)1% & (-)1.5% levels from Close ,put that fig in Sell order ,be prepeared in fast order punching mode;look at your watch just at 9.56 punch the Enter button.
2)Slightest hesitation or lapse of seconds will erode your capital.
3) Dont have this FALSE feeling that Buy will emerge at lower levels.Even if it emerges You are determined to Book Loss.No fancy dream PARTY is over.
4)For you a 1 point Agenda Liquidation ONLY.
Think of scavengers like me waiting to pounce at 9.56 with Huge Lots in Short side.We will book periodic profits ,those will be the only Buy orders,no institution is going to be a White knight today.
If you can muster the Mental stamina Sell Double.
All arbitraggers & Hedged positions are going to be Liquidated in Cash segment,hence no respite.
From the core of my Heart i pray all of our members to get less burns & this 1 day may my Shorts hit SL ( i will be a pro from 9.56 but not now).
The funny thing I heard is that the FII's are net short. So, its not the FII's who are going to loose money infact they might have been actually waiting for something like this and they might be the ones laughing all the way to their banks. As far as correction is concerned I don't think that ppl should believe that you will get away with 1 or 2% if you punch in your orders early. It's not going to happen. But, the fact is if you have been trading in the markets for the last month or so a 5% - 10% fall shouldn't really make a huge difference.
I am a trader ,for me direction is imp. no fascination for Long or Short.
Renu,you should thank your niece,she compelled you to liquidate.
This puja is really Gr8 for me.