Day Trading Stocks & Futures

Its down 30% from the top which is not very significant considering its went up 5 times since 2014. There may be some more pain. I dont track this one closely. Very deep corrections further may be good for long term investors?? What level would you consider buying it?
I am looking for Rs 6500-6200 level but more than the level I would keep an eye on the unsold car inventory getting sold, companies start operating at full capacity and buyers rushing to the car showrooms for buying new cars, large discounts on the cars disappearing which I feel could be atleast 2-3 quarters away so will stay away from Maruti till that time. I dont see much price damage from this level but if bought now our money will be locked in a stock which is not doing anything for a few quarters more....so instead of that put the money in stocks which are on the go...

Smart_trade
 

XRAY27

Well-Known Member

Similar threads