Monday Morning Market Musing - Another Volatile Week

It has been a cat and mouse game for the markets. US Markets tanked on Friday very badly and remember that we had escaped on last wednesday when US markets corrected. Our markets cannot ignore global cues for long. It will be akin to expecting Uthappa to win matches for India every time.

However be on the positive side and pick up stocks again at lower levels as markets are going to be good in long term and destination 16k is still intact. Buy good growth story stocks and they will never fail you if you have enough patience. Remember that patience is the key in Stock Markets to reap rich benefits. All the intraday gains and other quick money means are zero games which means one bad day can wipe out your one month gains.

This is not true with long term investments where you reap good benefits because of the growth in the stocks in you pick. If some one had bought Reliane before demerger at 700 levels it is worth 2400 today which gives the kind of returns one can have in long term and also the cushion one has.

Use the dips to make your stocks free of cost as suggested in my previous posts and thus enjoy a good portfolio with little risk.

Markets open around 250 to 300 points lower and later consolidate and close around 400 to 500 points unless there is some sudden news which is in favour of bulls.