I’ve often observed that whenever people hesitate buying on street, that’s the maximum opportunity-buying level & better risk to rewards.
That’s what happened in March 2020 & I think that is what’s happening now at Nifty 16k.
Most of the stocks are butchered 30-50% in past 7 months, yet people are hesitant to buy even at these levels.
For me, if I don’t buy now when would I buy? At 18,000-20,000? No! These are the levels of buying I like to buy.
Same applies for many. Many stocks are now trading even below the Covid19 crash valuations. That’s the extent to which individual stocks are corrected despite the index being where it is.
It would be wise to keep buying strong businesses at regular intervals, especially these days rather than timing the market.
