Markets are driven by fear and greed . We all ‘wish’ to buy low and sell high .Unfortunately most of the small investors are driven by market headlines .
The market falls and suddenly all the optimism vanishes. The market expects who predicted that we are in an one way bull run are nowhere to be seen . A new set of experts predicts doomsday , Oil is falling , China is crumbling , sell all shares , run for cover !
However we can make money only if we take a balanced view of the market . Only if we could control fear and greed!
China slowdown : This is a well know fact and nothing new . The market is scared on the extent of slowdown . However we should keep in mind , China continues to grow much faster than the developed nations . It has entered a different phase of growth . It's good for the world at large that China has decided to slow down . We have lower commodity prices and less world pollution as a result .
Commodity prices fall : It had to happen in any case . We have been suggesting our readers to exit commodity stocks. High commodity prices has forced the world to be less dependent on commodities . We have a less commodity intensive growth going forward. The indian Jute industry dies . Railroad industry died and so did Typewriters. Did the world crumble because of that .
Companies that fail to evolve dies . Same with industries .
So there we are in the grip of fear . Thirty days back it was greed.
For long term investors this is a great market to build their portfolio . For short term traders go long as the market looks oversold. NIFTY has strong support at 7500 and resistance at 7800 .
So happy shopping for all of you !! Buy what you always wanted to buy !