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Cautious about volatility in this market

bharat_vora's picture
Submitted by bharat_vora on November 28, 2009 - 10:38

Market opened weak note on Dubai news , plunged more then 300 points to finally recover some ground. For small traders its following the crowd , no clue what will Mr Market do . Should I sell when it's plunging or buy more. Some smarties sitting on sidelines and having last laugh .

end of day

Loss looked like this ..

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Index   Prev Close Open High Low Last % Change  
S&P CNX NIFTY 5005.55 5005.05 5005.05 4806.70 4941.75 -1.27
S&P CNX DEFTY 3736.60 3703.65 3703.65 3540.20 3664.50 -1.93
S&P CNX 500 4121.35 4033.05 4075.85 3967.05 4069.05 -1.27
NIFTY MIDCAP 50 2508.65 2506.25 2506.25 2401.90 2479.60 -1.16
CNX NIFTY JUNIOR 9883.70 9838.55 9838.55 9473.45 9760.45 -1.25
CNX MIDCAP 7143.75 6992.70 7049.15 6853.05 7037.00 -1.49
CNX IT 5366.50 5361.75 5361.75 5162.45 5262.50 -1.94
CNX 100 4917.25 4868.25 4868.25 4721.00 4854.80 -1.27
BANK NIFTY 9067.65 8994.20 8994.20 8591.75 8945.05 -1.35

CNX IT took biggest plunge instead of banks. Surprised ..me too ? If Dubai meltdown is due to real estate problems than Banks and Real estate had biggest problem.

Indian investor showed faith in banks at the end of day.

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