Nifty opened Gap Down today and falls 260 points. (-1.2%)
Since the past two trading days, Nifty has fallen 520 points (-2.3%)
Few questions you'd be asking yourself:
Is this the start of the bear market?
Should we be worried?
Do we start selling off our portfolio?
Answer to all of them would be absolutely not.
This is just a minor correction, and as I had mentioned on Saturday, the market would open gap down, and there will be a correction of about 5-10% in the coming weeks.
You can refer to my previous write-up here -
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Today was not surprising. The market still stands strong.
In the coming weeks, IF the market continues to fall and correct 5-10% from the high.
Start averaging your positions in your portfolio.
If not, stay invested for a good few months.
Now, you might be wondering what makes me say that this is not the start of the bear market.
Think about this.
Crypto - All-time high.
Gold & Silver - All-time high.
Real Estate - All-time high.
So, by default, money will be pushed back into Equity markets on every correction at critical levels.
While most retailers would be panicking at this point and slowly offloading their profits.
You now have an edge over them and start accumulating stocks at better prices.
As this is the first market pulse, I didn’t go too much into technicalities and price action. Kept it short and crisp.
However, I look forward to hearing your criticisms, thoughts and feedbacks on how I can improve this for the next market byte post.
You can expect similar but more refined (actionable points) like this once or twice a week if there is something interesting happening in the market.
Please do leave a comment and share your valuable feedback. I would really appreciate it.
Thank you for reading. See you on the next one.
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Interesting read!
Historically gold and equity have been moving in opposite directions but why is the trend reversed now?