|Market This Week
||Towards the close of the last week, The NIFTY fell sharply. It broke the level of 6050. We have some reason to worry and need to be cautious. However, for the last couple of months, every time the NIFTY fell below 6000, it has bounced back. There look no triggers right now to excite the market and hence a strong consolidation is expected. How long? Most probably till the polls. Till then let’s keep things simple. Get the following things clear and straight. Whenever the NIFTY falls below 6000, we need to be cautious. We need to follow strict stop losses. We need to follow ‘Exit Strategy’ to exit out counters. Be disciplined without allowing our emotions to overpower us. Stock specific movement will always be seen and hence we need to be stock specific.