Market Strategy: Talking about further market movements and outlook Anuj Singhal, Managing Editor of CNBC-Awaaz Said that now the market is not about levels, but about sentiment. Yesterday finally Nifty also broke the low level of November. Bank Nifty is already well below the November low. The real problem at this time is not Nifty or Bank Nifty. Nifty, Bank Nifty will reach their old highs sooner or later. The real problem at this time is in midcap and smallcap.
Index returns this month
This month, 1-2 years of profit has been realized in the portfolio. Those who were running after Momentum were in bad shape. Now the market is where money is going from home. Another question is who is selling it? Yesterday FIIs sold `4893 Cr but DIIs bought almost double `8066 Cr. In fact, at this time retail and HNIs have come into panic mode. The stock market has seen such phases before.
What to do then in the market?
Anuj Singhal said that now is the time to buy Nifty and Nifty Junior. Put some of your money in Nifty and Nifty Junior ETFs today. If Nifty goes to 22,000 then do 10 months SIP together. No one will be able to catch the right bottom. If you liked something at Rs 26,000 then why not at Rs 23,000? Midcap and smallcap are still incurring huge losses. Some midcaps and smallcaps may never touch their 2024 highs. 2024 has become the top of life time high of many IPOs. Don’t buy shares just because they have fallen 40%. But the big question at this time is what to do with the portfolio shares. See, sometimes you have to sell shares even at a loss. Do not sell shares of very good quality.
strategy on nifty
Anuj Singhal said that sell the first rally of Nifty where it fails. The bigger the rally, the bigger the opportunity for selling. For once, Nifty may even come in red. If the second rally takes place, it will be a big test. Positional shorts are not to be afraid before 23,500. Today you can get 3-4 swings in the market. Catch 1 swing, let the rest be. The easiest swing will be the first one, short if the rally fails.
Nifty Strategy for Today: These levels are important for Nifty-Bank Nifty, do not lose sight of them.
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