A whopping 12% in 3 short days.
I have been advocating profit booking on higher levels of nifty for quite some time. The results can be seen clearly. The global markets are taking their toll on our markets and have been the main culprits in the slide. FII figures are also not too encouraging.
The volatility is likely to continue in coming days with the markets aiming for key support areas of 4980-4950 below which the markets may aim lower. For the time being every rally should be used to pare down positions.
I hope my investors have enjoyed the profits in RCOM. The target of 180 was achieved on the dot. A cool 12% in 3 days.