Right now hot topic for everyone is shall we buy or more correction can be seen 😃
Let me share you my view on this
Retail inflation spikes 8 year high. This may damage more our market further.
Few upside rally can be seen but I feel more correction will come around 15500/15400 good support and worst would be 14700.
Now interesting data suggests that Nasdaq has fall from 16k to 11k
Nifty has just corrected from 18k to 15.7k
Nasdaq market capitalisation is 5 times bigger than us. Hence we might see more correction.
Another interesting fact is our RSI shows weak if you compare last time call of 15700.
Now Mann ki baat - there is exactly no one can tell what would be final bottom for index/correction,
But 15800 level is good level to accumulate few quantity of good fundamental stocks.
If it gets further down then add few more quantity. This is only way to build Portfolio for long-term.
Long-term is key to success.
TCS, HUL, Marico, Wipro, PNB, Data pattern, Tatamotors, Tatapower, IOC, coalindia ,NTPC
These are few stocks good to accumulate for future growth and Dividends.
Happy Investing 😊
Note - you should not invest everything in stocks market. Liquid money 💰 is important to be in bank also. FD , PPF , post-office, term life and Insurance is also important ☺️