‼️ *RED FLAG MESSAGE BY CREDO LEGACY* ‼️ Nifty is at an all-time high, creating a sentimental resistance at 25,000, with a doji candle forming yesterday, indicating indecisiveness. Additionally, small-cap and mid-cap stocks have shown minor corrections and continue to fall today, which is a red flag for us to be cautious and start offloading our portfolio. The global markets are also experiencing selling pressure. Even though Domestic Institutional Investors (DIIs) have been consistently pumping up to 25,000 Cr every month into the Indian market, I feel they might not give a chance to withdraw before any major correction happens. As a precaution, they have kept ample reserve funds ready to pump in in case of a major correction. *I feel it's time for us to stay cautious, be ready to exit, and hold onto cash.* #Additional Points: - *Market Sentiment:* The formation of the doji candle at a significant resistance level underscores the market's current uncertainty. This, combined with the declining small-cap and mid-cap stocks, suggests a potential shift in market sentiment. - *Global Influence:* The selling pressure in global markets adds to the concern, as international trends often influence domestic market movements. - *Institutional Strategy:* DIIs' continuous investment indicates confidence in the long-term prospects of the market, but their readiness with reserve funds highlights their awareness of potential short-term corrections. - *Risk Management:* In light of these factors, it’s prudent to focus on risk management by reducing exposure and increasing liquidity.
RED FLAG MESSAGE BY CREDO LEGACY* ‼️ Nifty is at an all-time high… — C͚R͚E͚D͚O͚ — TG.ME
August 2, 2024 2.5K 1