It is really amazing to see power of panic just a 5-10% dips in portfolio making everyone so down(Pls its general not on any single person)
Last few days all those who were talking about FY11FY12 and all those valuation etc now losing faith on themself really sad to see
Jab Ghutan jyada Ho jaati hai to samajh lena chahiye
Barsaat ka baadal kahin aas paas hi hai
Believe me all those who are selling portfolio in panic now would be crying lot next mnth or u can see in next week itself
Completely agree with you PT bro. All those who make use of this opportunity to invest during this bloodbath will be handsomely rewarded. Most midcaps and largecaps are down 20% to 30% from their recent highs on Nifty 6300 levels.
Rebound would come soon. But still, until a base is formed, volatility would remain. SG sir predicted Nifty base @5800 only a couple of days ago. So, My estimate for the worse case scenario was Nifty 5800.
But this level was broken by Institutional selling in the last 1 hour of trade.
I am confident we will bounce back soon, probably tomorrow, and 5800 would be the new base.
Cheers!