The current levels of volatility in the Nifty are extremely high...4 times what it used to be some time ago. I still meet people who have some spare cash and are interested in bottom fishing. They ask for tips or multibaggers. My advice to them is as follows:
1) Let the volatility get out of the system
2) The next bull market will start after a base huilding process...the charts will let us know when that is in progress
3) Money management is key and suggesting a few names here and there is bound to fail
If you are sitting on some spare cash my advice is to go and enjoy a part of it (and now is the right time to get deep discounts on everything) and preserve the rest for the right time....it is very well worth the patience...
Thursday, December 4, 2008
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