Markets for the last 5 days, are taking a deep nose dive, and never know when it will stop. People who were chasing the momentum stocks, without having a track on fundamentals have lost heavy chunk of their money.
Not only the momentum stocks, but also the blue chips corrected heavily. Most of the Nifty and Sensex stocks are available at around 50% discount from their all time highs.
When a shop next door offers a 5% discount, we were rushing to buy (even if we don't need it). When Indian front line companies like Reliance, Infosys, TCS, Tata steel etc are available at these unbelievable price, are we ready to buy it? So, guys prepare a shopping list, and wait for the right signal to buy these stocks. I am sure this will be a life time investment.
Exercise extreme caution, and you own intelligence to decide on this.
Enjoy and happy shopping.
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