The market have witnessed the third largest fall in the history on Friday with BSE sensex falling 541 points.
This was mainly due to the withdrawal of the FIIs from the indian markets.The big picture shows that the real cause has been a major fall in the US market which lead the global indices to fall and thus affect the intra day movement on the sensex .
A strong recommendation at this juncture will be not to panic, stay invested and witness the market, as there’s nothing to fear. The market is unlikely to stay bearish for long.
Go by the age old rule of trading “Buy low , Sell high” , and you shall never go wrong .
The good news however is that there are speculations that the markets are going to touch 20K by December , creating a new all time high..
But the investors need to be prepared for another major fall the main cause of which shall be the correction in the stocks of the blue-chip companies .
Once the correction is done, the scenario will be bullish again and all set to make, new highs.J
Lets play the wait and watch game …. Signing off for now …..
Have a great weekend and enjoy the monsoons over chai and some steaming hot pakodas …..
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