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Carnage continues ...........
The first week of the day followed the old market saying ' Bad Fridays have bad Mondays.'
Today we saw the comp-late destruction of bulls by the strong bears.Bank, Realty, Auto, Power, Capital Goods, and Oil and Gas - no sector was spared.
Market witnessed heavy sell off in the second half of the session on account of rising crude oil prices and political uncertainty. Both domestic and global events played havoc with the market and at the end Nifty was barely managed to close just above the psychological support level of 4000.
These are not good times to enter the market as there are lots of global variables which can not be controlled by taking steps at domestic levels.
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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.
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