Answer these Questions.
1. What is is the basics of share trading?
2. Is the market is going through some intermediate correction ?
3. What should you do in an emerging market; buy or sell ?
4. Is India a growing market ?
We believe you have the answers. Compare your ones with ours.
1. Buy on dips and sell on hikes.
2. 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.)
3. In growing market the strategy must be to Buy.
4. Sure. Dont give much improtance to the recent short term downfalls.
So What ?? For long term investors now it is time for buying. 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:
Is the downtrend over ? If Nifty breaks below 5360, then that is a matter to worry as it is breaking the critical support. 2 or 3 day’s closing below 5320 will Read more