Markets Correcting Sharply as we end the week ! ~ Sense some Panic among Brokers and Traders who are getting Frantic ~ Investors should not worry !

Markets Correcting Sharply as we end the week  ! ~ Sense some Panic among Brokers and Traders who are getting Frantic ~ Investors should not Worry ! ~ Had warned Brokers in the morning not to hold long intraday or trading positions for clients or themselves as the correction was indicated ~ Of course Investment in select scrips can continue to be made for the Long Term ~ they may not correct sharply though every correction can offer better entry levels

It’s past 3 pm and the Sensex is down over 150 points at 18316 and the Nifty is down near 60 points at 5572 ~ Next Week should see some more correction

Have a Great Post Diwali Weekend

Cheers !

P S  : Sensex  actually closed at 3.30 pm down over 200 points at 18269 but official adjusted closing is a little higher at 18309

It was an Intra Day Closing Correction that gathered momentum and was accentuated by strong unwinding of longs after 3 pm