Whether it is a gamble or not is like a cat on the wall. It rather depends on the market movements rather than from the angle of the investor. Since Sept 12th the markets are behaving something unheard of so far. I have checked the daily candles for the past 10 years. The bulls and the bears are playing daily like on a budget or election day. Why. No one knows. Even Abid of Sensibull said that the increase on the 12th around 1.40 pm the reasons are not known as of then. I had taken a screenshot of the market depth. When I saw the rise, it was around 44Rs.(around 2.37 pm) from .60 paise(Nifty 12th w Sept CE 24250 . I am yet to seriously begin trading in F&O. But now the markets are driven by a car “ with a faulty brake, clutch and accelerator.” Is it really a bullish rally? Or a bull-bear rally. One thing is very clear the payout in derivatives is offset during such times. So be careful since the broader markets have not performed well during the period in question. Today it just touched 26000+ to fall 60 points immediately!. Is it a rally? Every day it touches a new high and slides down. I find a dialectical relationship between spot NIFTY and options with the underlying determining the options and options heavily influencing the markets.
@Venmathi One thing that I can say is, if everybody is so fearful then how is it a raging bull market? Everyone is sitting on a pile of cash waiting for major dip to get in.
Markets fall when there are no fresh money and people are fully invested. Selling gets ice-balled. Although P/E is high by +/- 4, but that is not a reason for markets to fall.
This has been always true - Markets top on extreme euphoria. Markets bottom on extreme fear. However, the markets have a 100% recovery rate for centuries now. The trend is always up.
Ample of opportunities and ample of stocks that will be multi-baggers from here. You invest in stocks and not the index.
100% this.
my opinion - markets make new highs on extreme fear, markets bottom when everyone is chilling over-confident and the tv pundits tell you to invest. (from middle-class retailers point of view)
My view aligns with @thisisbanerjee 's. I’ve seen this pattern several times.
During the COVID rally, when most were bearish and expecting a correction, the market continued to rise rapidly. Once Nifty crossed 18k, sentiment shifted suddenly, and almost everyone turned bullish, predicting Nifty wouldn’t stop before 23k. Even TV channels echoed this optimism.
But as we know, the correction began around the 18.6k mark.
I really do not believe in multibaggers and long term trading. One thing sure is the market is one directional with ups and downs. The point in the article is that Participants, FII are the market movers. Greedy people lose but even if I get Rs 100/ per day I am satisfied. Markets have no logic or rhyme. If we take over 3000 stocks and see their book value and all fundamentals it would be shocking to find that the price of the stock is in no relation to the fundamentals. It is all speculation whether shorterm long term or index. Very cooly said " Investments are suject to market risks!. I am a trader/invester for he past twenty years and still in the market because I am DIY .
What you believe or feel is really irrelevant in the market or to me. I personally have had a handful share of multi-baggers. Trading and investing are 2 sides of the same coin.
With regards, to the valuation, markets have a rhyme and there is a method to the madness which you haven’t figured out yet. Stop substituting your lack of knowledge in the markets, with some generic statements.
I disagree with all the comments of yours. No hard feelings, you’re just another headcount in the 90% who loses money.
You could differ with me . But I make profits on the whole . I am a trader for the past 22 years and it seems you are hurt because you follow multibaggers. I do not want to lose and i make profits every year since I trade for short term - (3 -6 days), intraday. Mind you share market as no economics. It is wholly decided by few big participants and many lose because of this. I am “penny-wise” prudent. Definitely I am not in the list of 90% losers as claimed by SEBI since we do not know who the retail investers are and the bench mark for them. Please look at the book value and the current price etc you will find lot of contradictions. I can give plenty of examples.
Who said iam investing in Index. Second, I follow markets always. There is no fear when the market falls or joy when the market goes up. Whether we have cash or not markets have their own reasons which we may not know but some know - thebig players. You have not given one reason for market rise or fall . it is not the money with investors. It all depends on DII FII Pro buying and selling in cash markets.
Markets have fallen by around 10% and half the COVID traders on Twitter have already resigned from the business. 
Such a delightful thing to see.
Yes. That is called demand and supply. FII/DII all those are just market participants. FIIs now control less than 50% of the Indian markets versus 2008 where they used to trade with more volumes as compared to DII.
Remember this quote:
When in Doubt,
Always Zoom Out. @Venmathi