![]() ![]() Maintain long-term positions but avoid new positions. Long-term money can be put, long-term money stay invested because this will eventually turnaround in three or six months. Do not take positions, the longs especially can get cut very badly. So, October is not looking good to me at all, and I would say stay away from the markets for now. Short-term holders will start losing faith and you will see accelerated selling coming in. I have always advised to be cautious, but I think now we are entering that last squeeze in the markets, where we will see some panic selling over the next month. On the markets front, I am very cautious now. So, we should be okay as far as the economy is concerned. Personal consumption and expenditure are contributing strongly to India’s GDP. In India, of course we are going to have a blockbuster festival season. Inflation has come pretty high for the ECB and rates are going to go up. That had a spill over effect on the rest of the risk markets. Today, I think, it was just a relief rally on the base of Bank of England’s intervention leading to better yields for the UK gilts. So, what are the targets that you have for Diwali 2022? In September, we have two big events were held, the Federal Open Market Committee meet and the RBI Monetary Policy Committee deliberations. Do not take positions, the longs especially can get cut very badly,” says market expert Ajay Bagga. “October is not looking good to me at all. ![]()
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