Market poised to go quite a bit lower; put protection between now and February: Jai Bala

“Definitely cover some portion but do not cover the entire portion because it is difficult to now completely come to the conclusion that we are going to see a huge rise. But definitely leave some part of your short position and at the same time cover partially. I am not sure which way the market is going to take, but definitely the overall outlook is bearish.”

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