There are some questions for you regarding current Indian Macro Economy.
1. Is the market is going through some intermediate correction ?
2. What should you do in an emerging market; buy or sell ?
3. Is India a growing market ?
We believe you have the answers. Compare your ones with ours. If your answers are different from ours, you should look for other conclusions for trading in shares.
1. Yes; Nifty hit its all time high on the 8th November 2010. It has gone through a long consolidation of 1000 points in 6 months. (18 % correction in the index.)
2. In growing market the strategy must be to BUY.
3. Sure. Don't give much importance to the recent short term downfalls.
So What ?? It is the time for buying for long term investors. As we told, no need to panic in such FII selling. They will turn net buyers on reversals. When others sell in panic be ready to buy.
What’s on the Index:Read more