You may have noticed that market is in the weak wicket ; it was so on Friday and things have been worst today. The reason – global bickering – mainly being Fed Rate development on which meeting is slated in the next few days.
We may witness some more correction and the Nifty is likely to come down to the levels of 8100 (gradually - never it comes down vertically) or so ; though no body can comment for sure what happens tomorrow. Market is always considered to be more intelligent.
However, I always advise on the following :
1. Go for SIP (Systematic Investment Plan). The reason being each lower level in case of correction provide a golden opportunity to buy and average on existing price.
2. Selling / part selling at higher level once pre decided %age of profit is fixed and exit planned.
3. While planning an organized n efficient folio the entire available money is not to be invested. Cushion (money) to add more.
The only thing that wherever we invest, stock should be both financially and fundamentally sound and there should be room for regret later on. Never a penny stock.
Seems – it is a wait n watch case for now.
Wishing you all the best.