General answer to common queries I received:
1. Yes, Metals and IT can crack more. Especially IT. Majority of IT stocks have made a DC in higher time frames.
2. NIFTY50 as long as below 16400, is bearish. 16000/15800 are holding.
3. SIP should be continued. Don't stop. Yes be cash ready but don't stop your SIPs.
4. Don't hunt for 15000/14000/13000. We don't where is Top or where is bottom. Market came down but stocks like #ITC & #NTPC rose. So be stock specific.
5. Trade less, trade best. In these tough times, only those will survive you pay least brokerage.
I hope it helps.
@NIKHILMAHESHWARI
#NIFTY50
#InvestingUniversity
#TradingUniversity