When we see market making NEW HIGH every week with lot of bullish news then we get tempted to jump in right away in anticipation of further rally. We simply DO NOT want to miss the rally which Nifty saw during 2003-2006/2007. Remember, patience pays off and right timing makes a BIG difference in making money and loosing money. As stated earlier, Election results will drive this market and set a direction for coming months/years. If you are NOT in the market then NO need to worry, rather wait for right opportunity. Market cannot keep going up in one direction, at some point it will have a pullback/correction and that would be ideal time to get in depending on overall market scenario.
What should we do with our Investments?
- Mutual Fund - If invested in market then stay put until we see signs of danger. If not invested then wait for right opportunity and DO NOT chase this market.
- Stocks/ETFs - ONLY invest in good patterns, some of our picks have done well which you may want to check here. Also do not forget to check Position Sizing which helps you to identify STOP LIMIT for every trade you make.
Market remains bullish and cruising higher...