Is Best Buying Levels to Invest in Indian Stock Markets are Around the Corners?
Nifty Spot touched lows of 2252.75 in October 2008 Crash
(U.S. Subprime Crises) And touched the highs of 12430.50 in Jan-2020 (Modi 2.0)
- Seen rally of massive 10177.75 points
When we calculate 50% of this 10177.75 Points it come out to
be 5088 Points And till today (24-March-2020) Nifty has corrected 4919.4 Points
from highs of 12430.50 and Hits low of 7511.10. As per Fibonacci Series 61.8%
Extreme Levels comes out to be 6140.65 (Click to read more about Fibonacci
numbers : Fibonacci
Retracement)
So, for investors its suggested to invest in Top 10 Nifty50 Blue-chip
stocks as per the Nifty Spot Level. Invest in 3 Parts- First Part When Nifty Is
near 7350- 7550 Levels (50% correction of 10177.75 Points). Second Part when we
see further correction around 6150- 6350 Levels (61.8% correction of 10177.75
Points) and Third-Part Hold As cash in your portfolio as per the strategy for
the risk management for the extreme levels when market enters depression.
As of now global markets are in fear and no one is suggesting
buying so as per the rule of investing these are the best time for long term
investments. It’s also said buy when everyone is bearish and Sell when everyone
is bullish.
Invest in Top 10 Market Capitalization Companies of Indian Stock Markets:
