March 9, 2020

NIFTY made a 52 week low today... so what?

- these are monthly charts
- in trending markets, 52 weeks lows are buying opportunities the once in a year types
- nifty made 52 week lows once in 2011 and 2016 and then recovered
- by this logic, markets present a good opportunity for long term investors/ SIP

- disclaimer:
- I have no data for prolonged bear markets
- 52 week lows can last for longish periods with new lows forming
- this can happen till markets bottom out

- I exited my funds around 12200.... I am reinvesting from current levels
- you can invest in ICICI, HDFC, KOTAK, SBI nifty index fund (direct, growth option)

 

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