Be ready for deep crash. 7700-7500 possible.
Be ready for new lows.
Unfortunate for day traders, SEBI imposed restrictions on short selling.
A trader can take short selling positions only limited to his stock holdings as per current market value.
If you dont holding stocks in deemat, you are not eligible for short selling at all.
Means, SEBI allowing only hedging opportunities for those who already owned stocks.
Those who already bought and holding put options or carrying short selling on Friday, they can have choice to carry or exit only. New positions not allowed.
Today possibly we may witness lower circuite.
As more negative news spreading related to Covid-19, this crash can continue some more days
New investors accumulated capital and wait for good opportunity to begin investment.