We saw a Big indecisive Doji fluctuating with Geopolitical moves

What we saw today in the market was volatility led by geo-political moves. Every positive news sent the Nifty up and negative news sent nifty down in a day full of fluctuating fortunes. Nifty index ended close to 70 points in negative but Mid-cap and small-cap index were bleeding with deep cuts as Mid cap index ended 1.24% negative, small cap index was hit worse and was seen reeling at 2.73% in negative. Worst might not be over yet as fear of massive war lingers on in Europe. What we can see tomorrow or the day after would be a dead cat bounce in these two indices where most investors will sell on rise.

What to do?
Select Fundamentally strong scripts where valuations are attractive, company is debt free and there is Zero or low promoter pledging and buy in SIP. Buy in Parts.

Levels to watch out for:

17071, 16925 on the lower side might support the Nifty.
17230, 17283 and 17353 will prove to be resistances.

Be very selective in selection of stock.

'Cash in hand' can also be an important position.