On 15th October, when Dubai was trading at 3427 I warned that we could see 2760 if it started to come off quickly. Today it reached 2343, and a lot of investors are worried. A safe level to buy will be around 1860 in the index. As always, when one is trying to pick a bottom in a bear market, the amount risked should be small. Only when we get a decisive turn should we expose ourselves to a larger amount. Here is your chart of the DFMGI.
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Hello ramki, Whats you take on current situation of DFMIDX chart given that oil just jumped up to almost 75$. And the INR chart can you update it also?