Beware! August Series to change dramatically; Market Guru Anil Singhvi unveils this trade strategy
Zee Business Managing Editor Anil Singhvi has cautioned traders and said that the situation is set to change. He said that August series is expected to remain highly volatile.
After smooth and one-sided trading sessions in the last two Series of June and July, traders are gearing up for the August Series from next week. Zee Business Managing Editor Anil Singhvi has cautioned traders and said that the situation is set to change. He said that August series is expected to remain highly volatile and one should practice stock specific trade strategy, rather than index specific. The Market Guru underlined the expectations that the first half of the August Series is expected to remain extremely volatile. However, he said that the next half will actually be stable.
Speaking on the August data, Anil Singhvi said, "After two smooth sessions of June and July series, things are going to change dramatically as the August Series will be extremely volatile leading to lowering of volumes and rise in margin requirements for the traders. In such a scenario, it's advisable for the traders to maintain stock specific trade instead of index specific trade."
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Unveiling the possible August Series trend the Market Guru said, "First half of the August series will be highly volatile while in the next half, August Series is expected to stablise."
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He said that one will have to change the trade strategy maintained in the previous two series because August Series will be completely different from them. He even advised traders to go through the minute details of fundamentals and technicals of a particular stock while taking any position in the stock market.
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