I am new to stock trading. I was waiting for the market to go down before I start to buy. Now the market has fallen down to my desired level. Can members let me know, is it right time to jump in ? Since I do not have direct experience in buying & selling, I will be buying only sensex stocks first. I can invest 2 lakhs only at the beginning.
Please let me know my decision is right?
Thanks in advance
Vijay
Market level does help in making a decision but don't buy a stock because it has come down a lot. there are three ways to make a decision
fundamental, technical and above all judgemental( not be mistaken for hunch or gut feeling)
fundamentally cement is ok now, technically little more downside but judge mentally , with so much messing around by FM etc and high interest rate , housing demand is sure to go down, leading to lesser cement demand etc.
So , say ACC may come dn to 650-680 but will not move up in a hurry, you may not lose much but your money is stuck! and when other good oppotunity come , u r forced to sell at a discount, therfore stay away from cement and sugar. stock specific on requwst but free
regards