As per technical analysis, the Nifty is in 'don't buy' zone. All the individual stocks are showing don't buy indication. It will take a few days of continuous positive closing for our markets to indicate a buying signal. Currently, there is no opportunity to buy for short term. Lets wait for the right opportunity to buy.
In a year, on an average, there is only about one short term buying opportunity per month. Out of these 10-12 buying opportunities in a year, only 4-6 trades will give us 10% profits. In the remaining chances, we may not make any loss, but we may not get significant profits. Hence, patiently waiting for the short term opportunities is important.
Long term investors should carry on with their monthly investments. Please note that for long term purchases, no stop loss needs to be set. Continue to buy on a monthly basis for long term. Also, do not judge the performance of your long term portfolio before 3-4 years. There is no use of assessing a long term investment within a few days or months. Give time for your stocks to show their true performance. Do not become impatient with a few months of declining prices.
We have to see the Asian cues on Monday to see how our markets may move.
Nifty ended about 46 points down on Friday.
The Global cues were mixed on Friday's trading session. The US markets were negative but the European markets were positive.
In a year, on an average, there is only about one short term buying opportunity per month. Out of these 10-12 buying opportunities in a year, only 4-6 trades will give us 10% profits. In the remaining chances, we may not make any loss, but we may not get significant profits. Hence, patiently waiting for the short term opportunities is important.
Long term investors should carry on with their monthly investments. Please note that for long term purchases, no stop loss needs to be set. Continue to buy on a monthly basis for long term. Also, do not judge the performance of your long term portfolio before 3-4 years. There is no use of assessing a long term investment within a few days or months. Give time for your stocks to show their true performance. Do not become impatient with a few months of declining prices.
We have to see the Asian cues on Monday to see how our markets may move.
Nifty ended about 46 points down on Friday.
The Global cues were mixed on Friday's trading session. The US markets were negative but the European markets were positive.
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