Your types of market analyst were saying bnf will touch 10k… Later they were found giving excuses…
Never try to predict market based on such scenarios…
Ofcourse, crash almost never comes when ppl expect. But a bull mkt correction of 15% can’t be ruled out I guess… Time will tell…
This is a discussion. I don’t know what you mean by ‘my type’. Ill tell you my type. I was buying into the dip long before the bottom, when nifty was around 10k… So know that I was never looking for bn 10k or nifty 4k last year.
Chief Minister Uddhav Thackeray on Sunday directed the administration to plan strategies for a smooth implementation of a lockdown in the days to come.
I am not making doomsday conclusions here. Its not fear mongering if its news based on facts without exagerations.
Definition of fear mongering
Fearmongering or scaremongering is a form of manipulation which causes fear by using exaggerated rumors of impending danger.
Anyways, it is better to take precautions (I am not talking of finance). Market Dips could be limited this time if any, since we now have vaccines. Even if market goes down 10% from here, I would only take it as healthy Bull market correction for the next big leg.
Ek saal kuch nahi hua
kuch hua toh hai. Loss of lives and livelihood. Usse zyada hone ke liye this is not bubonic plague.
I live in Maharashtra, my area is big containment zone, but still we don’t think that the world will ruin soon, i don’t see any fearful atmosphere around my area, but i get little scared when read in newspaper & watch on TV that Maharashtra has now corona capital, peoples will died soon. bla bla bla.
jisko darana hai wo dare, jisko govt pe trust hai wo trust kare, jisko market valuation & trend pata hai wo use follow kare… tension kayko lene ka?
Indeed, I don’t forsee any major drawdown because crash has already been completed last year. Dont forsee overreaction again now when vaccine is available and even cure is under clinical trials and showing results. Having said that small corrections can’t be ruled out imo.