This correction was not only long overdue, it’s been aided and assisted in a dogmatic assertion by Arun Jaitley (FM, India) and a global bubble of sorts, led by the US Markets.
There is more pain to come – if not in a further dip, then in a prolonged sideways movement with some shallower dips. It NOT the time to buy, yet, for LT Investors!
Patience will be rewarded in a generous way. Avoid trying to catch a falling knife.
My expectation is that 10,028 on the Nifty is a possibility.
It is certainly NOT a time to sell, in panic!