Investors Lose Over ₹20 Lakh Crore In A 5-Day Market Sell-Off. What Should Investors Do Now?
- Updated Nov 14, 2024 5:24 PM IST
In a turbulent week of trading, markets have sharply corrected, leaving investors anxious as over ₹20 lakh crore has been erased in just five sessions. With portfolios bleeding and major indices plunging, retail investors are left wondering what’s next. Can the market fall further, or is this a strategic buying opportunity for long-term growth? Amar Singh, Senior Vice President of Research at Angel One, provides his in-depth analysis on the situation, highlighting critical support levels and essential strategies to navigate the volatility. Amar Singh outlines the potential pathways for the Nifty, with key levels between 23,400 and 23,500 as vital for gauging stability in the near term. Should this range hold, it could offer a level of support; however, if broken, the index may test the 23,000-23,200 level, with bearish momentum expected to dominate. He advises investors to proceed with caution, emphasising that the gravity of fear often drives market dips faster than gains. Yet, this correction also brings select opportunities, particularly in sectors like Pharma and PSU banking, which have shown resilience. Amar Singh stresses smart & selective stock-picking with a patient approach will be crucial to managing and growing portfolios in these uncertain times. Is this the beginning of a bear market, or will investors see a rebound soon? Find out on Business Today TV’s Market Today, where our experts break down the current market dynamics, identify where value lies amid the sell-off, and offer insights to help you make well-informed investment decisions in the weeks ahead.
