I know many people who missed the quick rally and I also know few people who are still waiting for that 14k bearish target. Markets will never move the way we assume. So, one should never time the market. If market falls aggresively, one should have cash cushion to average down.
- Right now steam is still there for upside
- Negative news is already factored in and market is trying to discount the future
- One may see volatility before the elections again
- There will not be any significant downside or upside move from here on
- Buying from lower levels & sellings from higher levels one can easily observe
- VIX is at all time low putting option sellers and buyers in tricky situation
- Indian markets are decoupling from the world markets
- FII inflows and retail rebound may push market even more higher after a dip
- Shorts are still there in the system, so upside is still open
- Midcaps and smallcaps performed better, many are at thier 52 week highs
- Pharma & Auto space is bouncing back
- IT pack is trying to find the rock bottom
If you are a stock picker, maintain proper entry & exit. If you are a mutual fund investor, understand how Nifty dances in the 16k to 18k range until a decisive closing. So, book profits and play accordingly. For long term holders, try to double down your SIP if you see downtrend time and price correction in the market.
Never get influenced by media, it is the thumb rule you must keep in your head before taking any buy or sell decision.
