wait for earlier lows when IDFC was around 70 and Axis around 700. I understand buying cheap, but IF govt delivers and we are in a multi year bull market are you willing to sit it out?
If modi can implement what he is saying india may transform into a much better country in 5-10 years.
Why not do conservative SIP and add more in corrections rather than just waiting? It may increase your price but for long term investing you will still do good. The risk of waiting outside seems more to me.
Anyway, i dont have as much skill (or rather none for this kind of stuff) as you do but just a suggestion.
If modi can implement what he is saying india may transform into a much better country in 5-10 years.
Why not do conservative SIP and add more in corrections rather than just waiting? It may increase your price but for long term investing you will still do good. The risk of waiting outside seems more to me.
Anyway, i dont have as much skill (or rather none for this kind of stuff) as you do but just a suggestion.
On the brighter side, I see opportunity in precious metals. Silver has corrected over 60%. It is now a good long-term investment. I have started SIP.
Earlier I made a mistake of judging the attractiveness of a stock based on the historical PE-levels of Nifty, which acts as a good barometer. But, investment decision must solely be made on the basis of the overall strength and price attractiveness of the individual company.