Though market has a scary fall yesterday and the general expectation is that October will be a bad month, we do not expect a major fall in the indices at least for the time being. Too much pessimism usually does not lead to a big crash. Chances are that markets would either meander around the current levels in a time wise correction or move up on a shot covering rally. Either way makes sense to stay invested and trade on the long side with an appropriate stop loss.
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