Sensex 8701.07 -1070.63 (-10.96%)
Well, the markets seem to be reading my blog every morning! Its suprising to see so many predictions come true. I'm happy not being the typical analyst media channels follow and bring some sense of accountability for what I quote!
The fall to 8800 was expected, however the pace of the fall was a little unexpected. Given the pace of the fall, the free fall could enter an oversold state(meaning, some more fall is possible). As I quoted earlier, there would be a sporaidic rise soon once the fall completes. I would pick some trading positions after watching the markets on Monday and Tuesday.
Ah! I just read a CNBC TV18 interview here http://www.moneycontrol.com/india/news/market-outlook/long-term-investors-should-start-investing-now-experts/363238
I cant dispute judgemental calls. However, I wouldnt advice buying when the markets are in a fall frenzy. You need to wait for some stability to come before you park your investments. When the markets fell 30% at 14000 levels, everyone adviced to invest for long term. And at 8700, it still remains the same. People can say what they want to, but ultimately, its your money doing the rounds. Invest when you think the time is ripe and when you think you are paying the right price.
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