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Equity Buy/Sell (Technical View)
Ø We have earlier given support levels of various scrips. Long term Investors will have to look at second levels of supports to buy. Short term, medium term investors are advised to book profits at regular intervals. It may also be good strategy to buy put options at higher levels, say when Nifty is near 5200-5300 as nifty is expected to be volatile in the near term.
Commodities:
Ø Gold, as we had earlier mentiowrite has lost more than Rs.1100. Silver has lost Rs 2000.
Ø In our opinion, silver looks better placed than gold but as we mentioned earlier, it cannot but react when gold does. Long term investors can continue to hold silver with stops already mentioned. For those who are still long in gold the last stop would be 25690.
Have strict stop losses
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