Sound very tempting does it not, with all the indicators giving a gloomy picture, and the way the market has been behaving, these last two days, one should have cashed out and headed for a holiday in cooler climes.But then, it too late now, we need to stay and fight and recover.Lets look at this as an opportunity to enter at reasonable pricing levels. Today's closing will decide if we are going to see 7550 any time soon enough or even 7200, that would be the point to enter the market on a long term basis, wait for the market to perform, and give that return it owes you. Would you not like SBI at 150/160 level or ICICI below 200?.We might just get that opportunity soon enough.
Corrections and consolidations are always healthy for the market, makes the weaker hands strong enough and this will be rightly so this time around,as we need to reach the lofty target of 9k by year end.This is also the time to pick and choose stocks as per their fundamentals and trade through analysis and not through sentiments, which is the bane of the Indian market.
As mentioned before, today is the decider as to where the Indian markets are headed towards. Be very wary of the market and watch carefully, too many twists and turns, it will behave like a snake and cannot be trusted,never know when it will bite.
Corrections and consolidations are always healthy for the market, makes the weaker hands strong enough and this will be rightly so this time around,as we need to reach the lofty target of 9k by year end.This is also the time to pick and choose stocks as per their fundamentals and trade through analysis and not through sentiments, which is the bane of the Indian market.
As mentioned before, today is the decider as to where the Indian markets are headed towards. Be very wary of the market and watch carefully, too many twists and turns, it will behave like a snake and cannot be trusted,never know when it will bite.