According to me all the bad news in the market are over. Some of the experts who were talking about the market to be in the range of 21000-25000, are now started predicting the fall till the range of 12000-13000. I see no sense in these kinds of predications.
Our Finance Minister talks about India growing with the GDP rate of 8.5%-9%. India will still remain the second fastest growing economy in the world after China.
I do not see a very fast rebound in our markets, but I do not expect the investor to forget about our good fundamental story in a long run. We have seen that the damage in our markets is not so small for all of us. In this scenario no retail investor is willing to park their money in the market despite knowing that many of the stocks are available at very cheap rate and excellent valuations. I would rather suggest all the investors to hold down to those scripts which have fundamental story.
Don’t be in a haste to buy the stocks everything in one go. This market is not going to cross its previous high so easily and it will take time.
At this level the investor should pick only those stocks who’s valuations have become cheap because in the recent carnage we have seen that the companies who’s valuations were high have got a good beating on the browsers.
Even some of the recent IPO’s were also withdrawn even after reducing their price range, due to the market sentiment.
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