Today also the Indian Market has gone down by more than 1% and it had gone down a key support of 22,800 level. So after today's fall the Nifty stands at 22500 and the next bug support is at 22200. So there might be some fall which we will see in the coming days.
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The Nifty 50 has not came to its 52 week low yet but if the fall continues, we might see that level soon which is at 21500. Now there is a buzz in the market that we can see this bear marlet for extended period or we can see more fall in the market. And because of that a lot of people has been sitting on cash or they stopped investing.
In my case my Mutual Fund is running where I do Systematic Investment Plan or SIP every month so it doesn't matter if the market is going down or going up. Its like a Dollar Cost Averaging. Now along with that I am also investing in the index fund whenever the market dips more like today I.e. more than 1%. So I am actually doing the boring investment strategy by investing in the index fund.
My average buying price is coming down and this I am happy to invest more and more so that I can be on profit later on. See the Nifty 59 has gone down by just 13% from it's peak and when the market goes up it might also go down very slowly. But again it is the safer option as of now. We don't know if the individual stocks will go down more or not. But index if goes down will go down slowly, and will slowly recover too.
And that's why I am doing boring investment as of now when the market is going down.
Posted Using INLEO
