As expected, Market has moved up today and closed above the critical mark of 5500. It is to be seen if today's pull back is just a knee jerk reaction of the market before it continues its downside further or if yesterday's low is a temporary bottom before the Feb budget rally. I believe there is no reason for the market to go down further from here unless there are very bad news in the offing.
Irrespective of the market move from here, it is to be noted that, current levels is a good entry for a lot of stocks with a long term view. It is obvious that no one can predict the market's bottom. So, I believe, entering the market now or accumulating one's position with a long term view would not go wrong. (Even if there is further dip in the market in the near term).
Others' views opinions are much appreciated...
Cheers
Selva.
Irrespective of the market move from here, it is to be noted that, current levels is a good entry for a lot of stocks with a long term view. It is obvious that no one can predict the market's bottom. So, I believe, entering the market now or accumulating one's position with a long term view would not go wrong. (Even if there is further dip in the market in the near term).
Others' views opinions are much appreciated...
Cheers
Selva.
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