Dear Friends,
When we started this site our primary goal was to protect your capital. Our secondary goal was to make you money. We started our journey with pure technical analysis and then included fundamental as part of our recommendations.
In this roller coaster ride of approx two and half years we have seen many stocks tanking (even giant like Reliance, Infosys, SBI were not spared). Not many stocks made high of their lifetime in this ride.
We are now at a juncture where global market is crashing like any thing and economic environment in India is not very steady. Our advice to you now would be -
1. Dont put any fresh money in the market.
2. Come out of all your investment ASAP (specially where you have made some gain and where loss is not more than 20%)
We told in our last post that market may go up to 22000 by year end, we now see that it may not be possible because of many macro economic changes took place during this period and global cicumtances. We want to reiterate at this point that no matter what others say you need to take your own wise decision because it is your own hard earned money end of the day.
We see Nifty going upto 5070 in coming weeks before making a short lived jump of around 10-15% and that may be your last chance to come out of market.
We also see Sensex and Nifty crashing to lows again in next 1 – 1.5 years. This will give you plenty of choices again to buy quality stocks at extreme bargain prices.
We will come up with our analysis on select stocks which may prove as multibagger in next bull phase.
Until our next post…good bye to all and have safe trading and investing.
-Netstock
