Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if it gets there.
"Deciding when to cut your losses is one of the toughest decisions for anyone to make, but traders at the top of their game know that they always have to make the decisions they need to make, which may or may not be the ones they want to make"
Nifty made a new 52 Week Low today at 4641 today and tomorrow we have expiry things can get real scary tomorrow.
Market broke 2010 Low 4675 but today closed above it.. Break of 4675 on closing basis Nifty will fall another 25-30%.. It has happened 3 times before in 94,2000 and 2007 Market broke previous year low and corrected 28.8,23.2 and 37% respectively.
You can look back the charts from 1990 ...
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Rgds,
Bramesh
09985711341
http://www.brameshtechanalysis.com/
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