Sensex gets slimmer,sheds 800 points in 3 days

Positive for healthier market, look for opportunities

The much awaited correction has finally arrived. The sensex nose dived 463 points driven largely by global selling triggers. The selling was seen across the board baring few momentum stocks. Metal stocks tumbled on the bourses with the rumours that metal prices may witness corrections in short term.

Investment Guru is of view that long term investors should stay intact without panicking. Those who are sitting on cash would now get an opportunity to get in at better price. It would be good if sensex sheds further 500 points before rising again. This will give the upcoming rally more strength and will reduce the volatility. This blog has already given advance warning to the investors to keep booking profits at reasonable intervals and wait for better opportunity to invest.

Stocks like Hindalco, Reliance Industries, Sail, Gujarat Ambuja , Siemens, L&T and other fundamentally strong stocks can be accumulated at lower levels with a medium term perspective and low risk.