Hey All,
Are the bears coming for both Crypto and the Stock Market? Past couple of trading days has been bad for the financial markets and across the globe the stock market has taken a hefty beating. Todays trading day was surprise and the India Stock Market - Sensex Crashed over1000 points where stocks like LIC, Tata Steel along with 2 other stocks hit their 52-week lows. And whereas Nifty50 closed 23,100 levels. Are we going to see more decline for here or there is a bull expected who knows? I am happy that I had booked profits from all the shares where I was making a 20% gain. So at least didn't loose all the gains there but definitely there is a hit in my stock portfolio overall and in todays trade itself it declined 5% which incurred me a loss of Rs. 50K+ alone. I am not a trader so decline like these doesn't bother me as I have quality and high profile stocks which I know will rise when the markets overall stabilizes. But then the point is when? To be honest I don't know much about it myself and what I have been doing is picking up quality stocks in small numbers i.e. dollar cost averaging every time when there is a sharp decline. Here is the snapshot taken from my stock broker app Sharkhan and you can sell that I sold "Infosys Ltd" booked profit here and then picked up stocks where I was having losses.
My Portfolio down 5% today Alone - My Strategy Ahead...
The stocks that I picked up today as are as follows::
- Union Bank of India
- NLC India Limited; into coal mining business
- Motherson Sumi Wiring India Ltd
- IDFC [Infrastructure Development Finance Company] Bank
- FINPIPE - Finolex Industries Ltd
- AWL - Adani Wilmar
I have a decent amount of quantity of the above mentioned stocks and hence dollar cost averaged them to bring down by average buy price. But this trade isn't sufficient enough and I would be doing the same as and when these stocks decline further. I would be leveraging the money from the "Infosys Ltd" sale plus would be pumping in more money maybe Rs.20K+
One need to act in situation like these and not regret later saying I did be better off taking an action. One particular stock I am more interested in buying is Zomato Ltd, Ticker:: ZOMATO which is one of the leading online Food Service platforms in terms of the value of food sold. I have been keeping a close eye on this stock for a while, it was down 6% today and I would be more than happy to buy 200 shares of ZOMATO below Rs.200 so waiting for it to decline further and then would be start accumulating ZOMATO in chunks, so that's another part of the plan including new shares in my portfolio. Also I have been thinking to maybe stop buying shares for one or two trading sessions and just observe the fall from the fence and then plan and strategize which share to buy in what quantity. As right now I am randomly picking the number of shares to buy from my stock portfolio. This will be a better informed decision on my picks and the quantity to buy as opposed to being adhoc. Lets see how things unfolds for the overall markets; crypto and stock market in near future. No more bears please. And this should be it for todays post around - India Stock Market - Sensex Crashes 1000 Points - My Portfolio down 5% today Alone - My Strategy Ahead...Happy Investing & share your story around the stock market crash and what strategy do you follow. Buying at DIPs OR are you selling now to pick up stocks later. What is your story? cheers...
India Stock Market - Sensex Crashes 1000 Points - My Portfolio down 5% today Alone - My Strategy Ahead...
#stock #stockmarket #nse #bse #sensex #indiastock #indiastockmarket #investment #finance #strategy #sensex #indiastockmarket
Have Your Say On Stock Market Crash - Upper Circuit & Lower Circuit...
Do you invest in India Stock Markets? What are the different criteria you look into before picking a quality stock? Did your stock hit upper/lower circuit - Panic Sell Vs HODL? Please let me know your views in the comment section below...cheers
Image Credits:: screener, pro canva, sharekhan, business-standard
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain, Stocks & Cryptos and have been investing in many emerging projects.