Just remember…...

The history is not far way to make it difficult to recollect the past happening happened on the Indian bourses just before the crash. The challenge is to accept the reality and live with the situation offered or created. The present situation in the market was expected, to touch this 2900 level well in advance and was published in my 25th August posting.

The Nifty index level was simply a number to quote but the timing of buying stocks never depend on the index level unless the choice falls on index basket. The fall of index will help us to identify more blue chips as there was an opportunity opened to invest for next two years perspective. The trader any way live for the moment to day swing and grossly depend on the price fluctuation derived from the demand and supply but the investor is entirely a different entity, wait for the opportunity and jump to grab it.

So investor can start buy in stocks whose economic cycle is in the up swing or likely to get that advantage. Now the markets are almost bottomed out. I used to cry the same way I am doing now when the market topped at 6200 level and advised the investors to first sell the holdings and with more emphasis not to buy at that level. Now am just reversing the statement but the cry is with same volume.

Please go to the budget allocations and try to take advantage of the benefits from the excise & customs reductions that immensely benefit the companies. The Indian economy is robust and likely to take advantage of the global crisis in its favour, so try to enjoy the fall from these level instead of developing fear. The earlier article suggested for those who already invested.