One of the brokerage houses in Chennai is not finding its customers to place orders on phone or online as the volatility in index has wiped out more than 50 Crores in their clients' accounts. The money was wiped out on 21st September. Till date the customers are not placing order. The ground level situation is not good.
It will take time for investors to recover from this rude shock. It has shattered the confidence level.
It is better not to trade if you have not taken position in PE. Wait for reversal. It will take minimum 15 days to have a reversal trend due to nifty closing 5-6% negative on weekly basis.
Trade with Care!
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