new Delhi. It is often said that whenever there is a fall in the stock market, then one should buy shares. This is what happens in the mind of retail investors that if the market has fallen, then it would be good to buy shares. But Rahul Arora, CEO of Nirmal Bang Institutional Equities, has said that do not do this, but wait for some time.
Rahul Arora said in an interview to CNBC-TV18 that do not try to catch the market bottom before taking a position. Let the bottom be formed comfortably, allow the market to rebound a little (up a little). Then you will have enough time to make the right investment decisions.
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Don’t worry if profit goes down
Giving an example, Rahul Arora, CEO of Nirmal Bang Institutional Equities, said that suppose a stock has come down to Rs 100 and you want to buy it with a target of Rs 130. So it is not necessary to buy this stock at 100 only, if it goes down further then there can be loss. So let it come to Rs 100 or Rs 115, then buy. Meaning it is better to buy the stock only after it has gained some strength.
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He said that even if the profit falls less than Rs 30, there should be no problem, but losses should be avoided. He further said that let the market make its bottom. When the stock market re-bounds after forming a bottom, sometimes a V-shape recovery is also seen, as was seen during the first wave of Kovid.
Tags: Nifty, Share market, Stock tips
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