TO AKSHAY DHULE14 Sir, Thanks for your message and as far as Vedanta is in a consolidation zone for last few days and it has a support at 332 and 324 if it breaks the consolidation zone of 334 level. And as per weekly chart the stock looks weak for a fall. So trade carefully. According to me market invariably indecisive and at this time avoid futures and options until market turns bullish.
@akshaydhule14 sir, Wish you a happy and a profitable trading
akshaydhule14
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@bahavancapital sir since I am in loss in current position with Vedl, is it advisable to wait for reversal from support or should exit first thing tomorrow to minimise losses. with positive movement in nifty I thought mkt was recovering, but again corona scare unpredictable scenes are there
UnknownUnicorn19608572
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@akshaydhule14, Sir if tommorrow the market is not bullish then for few more days it may continue to fall.. With the new variant omicron in india and other parts of the world again with no medicine found. Alot indecisiveness will prevail its better to wait forthe right bottom to enter the market again. to save the capital and to minimise your loss