Stock Market With Anil Singhvi: India-China border dispute impact on market decoded

Stock Market With Anil Singhvi: After the ministerial level talks between India and China were held after the border standoff, Zee Business Managing Editor Anil Singhvi has said that one should be ready for both positive and negative news. He said that there are positives coming out of the bilateral talks, but if China declines to implement the 5-point agreement, then stock market may go down drastically. However, Market Guru maintained that if China implements the agreement, then there will sharp rise in the Indian markets. 

So, what is the strategy market participants should adopt? Singhvi said they should strictly maintain the stop loss while taking any position in the market.

Asking traders to always take India-China border latest news as a neutral trigger Anil Singhvi said, "Amid India-China border standoff, both bulls and bears have chance to mint money as market is range-bound. However, both positive and negative news can come and hence one should be ready for sharp trends on both sides. Hence, it's advisable to maintain the stop loss while taking any position."

See Zee Business Live TV streaming below:

However, the Market Guru said that the way the 5-point agreement has been issued by both the countries in current circumstance, it looks that Sino-India border tension has eased but much will depend as to how long the status quo is maintained. Singhvi said that this agreement may work as a healer for current China-India border standoff and one can expect the tension to further go down.

Also, the Zee Business Managing Editor went on to add that one should keep watching the US stock market as a major trigger for the Indian markets. Singhvi said that one should avoid getting carried away by over-bullish or over-bearish sentiments as current market is in range-bound position. 

Watch full coverage in video below:

अनिल सिंघवी- न ज्यादा पॉजिटिव न ज्यादा निगेटिव...कभी भी किसी भी प्रकार की खबरें आ सकती हैं, सतर्कता से करे ट्रेड...अलर्ट रहना बेहद जरूरी...#EditorsTake #IndiaChinaFaceOff #LAC @AnilSinghvi_ pic.twitter.com/kAXBeDROjF

— Zee Business (@ZeeBusiness) September 11, 2020

Singhvi also advised traders to square off position on intraday basis as one can't afford to keep overnight position with speculative news in the US.