Don’t repeat 2020 mistake of not buying when markets panic.
I’m not an expert in virology, I don’t know the extent to which the new strain will cause havoc. Though, I personally believe one thing. Markets won’t crash this time like they did in 2020.
Back then, Covid was an unknown enemy. There were lots of uncertainty. And markets don’t like uncertainty.
Right now, market is fully aware of the Covid repercussions. And when markets are fully aware, the corrections are short lived.
Max to max, Nifty from 17,800, may go down to 16,200 or so. This is the worst case scenario as per me.
And I’ve already started buying opportunities. I’m mentally & financially prepared to buy further dips.
Whether to buy the dips or not, is your call.
I’m not letting pass any no brainer opportunity in hopes of catching a bottom.
I’ve kept cash handy. I’ll keep accumulating in multiple trenches on each 3-5% dips in Nifty, if any.
These corrections are much needed Christmas gift in the long term bullish run.
Wishing you a Merry Christmas!
