“The Best time to buy a Stock is when you don’t feel like doing it”
We are at 17% downside in NIFTY 500 & nearly a 14% downside on NIFTY 50, this CY NIFTY 500 is down nearly 10%, Stocks have crumbled to prices that were buying zone of a new bull run!
We all Expected a Correction, but not this much for sure, but every time when market corrects by more than 15% it is the best time to Plant new tree, let us take example from the below chart we were coming out from covid and we were doing higher highs, suddenly the war came up and we corrected by nearly about 15% and same thing happened that time stocks corrected to an average of 40-60% from their high (Specially Small Caps), but the stock that did turn around were the winners of the next bull Run!
Like from covid lows to market going 18000, companies that outshined where traditional companies, but after the Russia -Ukraine war the market consolidated for nearly 14 months with a correction of 16%. There were new Winners like Auto, Real-estate PSU etc, this time NBFCs, Chemical have given 1st Growth Signals.
In last 20 years I have witnessed that big money is never made in bull market, it is made when we take brave decisions in bad markets, where most of the investors are out of Cash, Courage and Conviction the sectors outshining and turning around in this time are generally the winners of the upcoming bull run!
I WON’T BE SURPRISED IF WE REACH 24000 AGAIN BEFORE MARCH END 2025!
Regards,
Rohan Mehta – CEO & Fund Manager Turtle Wealth
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