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Yesterday the trading was again halted in China and their CSI 300 index cracked down by 7% which made a No entry for traders by halting trading.But the panic situation from China was made a wrong entry at our equity market which made a deep selling in almost all equities which bring down the Nifty at 7568.
The asian and European markets are also down due to the same effect which made a wrong picture that the global equity markets are in threat. The devaluation of Yuan made asian markets to re-think about their own currencies state again dollar but they are not actually in danger. The crude fall below
33USD is another key factor to make all equity investors and traders to perform a habitual panic selling.
The worst affected segments in our equity markets are metals,energy and automobiles.
In this junction, one can just watch for few more trading session and take a bold decision to make any fresh investments at this 7500 sub level, if the worst continues, one can make a partial investments now and can make the another partial investments when Nifty tumbles near 7350 level.But all investors and traders should keep a portion of money as liquid cash.This is not only a thumb rule,this is must for every one.
So keep cash on your hand.
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