by
Mr. Suresh Parthasarathy,
Registered Investment Advisor,(SEBI)
Founder,Myassetsconsolidation.
Market noise on Brexit,Pound at 31 years low and clearly no idea how it will pan out in the weeks and months to come.
But 2 sector Auto and IT will see some immediate impact of this fall out.
Fundamentally Indian markets are well placed but have it in mind its still way above the long term average and the valuations are not compelling.
Just because market corrected by 3-4%it does not mean it is bottom.Even last month Sensex was at 26,000!
For those inclined to take emotional bet,you can invest some money Today,but only on fundamentally strong stocks that are completely driven by domestic consumption.
Traders be cautions...............
A word of caution keep away from stocks that has higher FII holding.
However, my suggestion to investors is to wait and watch for few days.It will surely help you to grab some quality good stocks that will also go down with emotion.Sopatience pays.
If you have surplus cash start parking a part in mutual fund in diversified equity funds,avoid sector bets.
Suresh Parthasarathy,
See what i am tweeting :@parthasuresh.
Registered Investment Advisor,(SEBI),
Columnist,
Founder,Myassetsconsolidation.
Mobile 98404 54737
| Skype: | suresh.partha |
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