What can be done at this level?

i am very nervous with the markets now testing the 5000 - 5200 levels , do not possibly consider taking heavy positions in the market,
what i feel at this point is that nifty now that it has crossed it has moved in to unchartered waters , volatility will be really high, strict stop losses should be maintained, and profit needs to be booked at 75% of the oppourtunity as you can never always get the best price in this state of volatility....
i will shift my focus from frontliners to midcaps and small caps for delivery positions all ridiing with strict stoplosses,
Once the markets are stable we can try carry out our normal trades , but for now the only see a target for 5300 near term and a correctn can drft to supprot of 4895 a minimum for now, for now if nifty maintains 5050 then its a party cause the next move is to 5250,:thumb:

Let me state a few things,

1) If you are expecting NIFTY to be volatile beyond levels of 5300 +, then entering mid cap and small cap won't be a good idea. In case of a correction, it is historically evident that the first stocks to correct are small caps and mid caps (% wise)

2) When the correction is over, restructuring and re-sizing of portfolio happens during which majority of funds are allocated back to Industry leaders (mostly large caps).

3) Anticipating what the markets are going to do often leads to big losses. If you have missed the rally or have squared off your positions, then wait for your chance as markets always pay to those who are patient.

4) If you are still willing to trade the market, then take positions in high beta stocks which would ensure even the slightest of moves in the broader market yielding some returns from the stock. Again, not many small caps and mid caps (quality) stocks would be having high beta.

Hope this helps.