"Invest and don’t speculate if you want to create serious wealth from the stock market. Start investing either through SIP and/or in lumpsum," he says.
Total Put open interest of 50.79 lakh contracts stood at strike price 8,500, which will act as a crucial base for the market in the October series.
ETMarkets.com surveyed 15 top global brokerages and mutual fund houses, most of which expect a revival either in December or March quarter.
A ‘Bearish Belt Hold’ pattern is formed when the opening price becomes the highest point of the trading day, which means there is no upper shadow.
Most of the midcap stocks that started strong at the start of Calendar 2016 on hopes of strong economic recovery witnessed profit booking after March.
Investors should focus on buying stocks across themes instead of just one industry. Even bonds or gold might not generate enough wealth compared with equities.
“Gold is not relevant to me as it has no fundamentals. I am neither a fan of bonds nor an expert - life is short, enjoy it with equities”
Total Put open interest of 56.07 lakh contracts stood at strike price 8,600, which will act as a crucial base for the market in the October series.
Some of the stocks that rose more than 100 per cent since last Diwali include Pricol, Borosil, Orient Paper, Bodal Chemicals, Gujarat Narmada and Atlanta.
The Nifty50 slipped below its crucial support level of 8,650 weighed down by losses in realty, power, oil & gas, metal, consumer durable, and banking stocks.
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