Cash is King

1. The present condition of market is such that no one can draw a parrallel from it as it is a once in life time situation where US economy is going bust and US govt is trying to avert great depression. As a result of this situation market has moved below its supports and thus stocks can fall till the new level of support is not found and at extreme Nifty has a solid support way down at 3150 level.

2. Presently panic is prevalent in the market and thus Cash is King in the market as world wide redemption pressure is seen. However if one has patience and can wait for 18 months or so than one can reap riches as valuation of Indian companies is correct and Indian economic outlook remains firm. However as a word of caution market can fall from present levels by 10-15% as FII are not likely to retun for some time and direction of Indian market is likely to get clearer in a time frame of 15 days.

3.  A few more useful tools for research for Indian stock market Nifty stock charts has been added and same can be assesed here to undertake an informed decision.
Nifty Stocks Chart: 1-Year / 3 Months / 3-month Relative strength(wrt CNX Nifty-50 Index) /
Nifty 50 Stocks 3 Month Candle Charts

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