Hey All,
ITs a sad day overall for both the Crypto and the Stock Markets overall. Across the globe we are seeing panic selling and hence the crash being observed for all the markets. India Stock Market is also taking a hit and is down; Sensex down 1,300 pts at 77,900; IT, Auto, Bank rather all the major sector stocks are down. There this Bloodbath on D-street for more than 3 consecutive days now. Is this going to be the trend for next week also? Who know? Lets see what happens next. In this mean time I did take some action and had changed my strategy a bit here. As you may know that I was already booking profits from stocks where I was making a profit of 20%. And recently I sold all the shares of LEMONTREE - Stock Market 101:: Started Booking Profit Lemon Tree Hotels Ltd; ticker:: LEMONTREE and used that money to buy some quality stocks. Let me share the picture from my stock broker app Sharekhan and it should give a clear picture on the stocks bought and at what price. Here we go::
I did buy stocks worth Rs.20K+ and there are still some open orders which I think will fill before the stock market closes for the day. The stocks that I bought are::
- Union Bank of India
- NLC India Limited; into coal mining business
- Motherson Sumi Wiring India Ltd
- IDFC [Infrastructure Development Finance Company] Bank
- FINPIPE - Finolex Industries Ltd
This is not the first time that I am buying these stocks rather I do #hodl a good quantity of these stocks and today I did try to average out and was cautious enough not to spend all the money that I had got by selling LEMONTREE stocks. I do have Rs.50K+ at my dispersal that I would like to leverage next week if there is further a decline seen. Right now the status is that in all the above listed stocks I am making loss at the moment. But I am sure this loos will convert into profit when the dust settles and the market mod changes i.e. the bulls arrive and when it does I would flip the side to selling all the stocks where I would be getting a profit of above 20%. Lets see how this pans out in near future and until then its buying at very sharp decline from here on. Well this should be it for todays post on - Stock Market Crash - My Strategy Ahead - Buying Quality Stocks... Happy Investing & share your story around the stock market crash and what strategy do you follow. Buying at DIPs OR are you selling now to pick up stocks later. What is your story? cheers
Stock Market Crash - My Strategy Ahead - Buying Quality Stocks...
#stock #stockmarket #nse #bse #sensex #indiastock #indiastockmarket #investment #finance #strategy #sensex #indiastockmarket
Have Your Say On Stock Market Crash - Upper Circuit & Lower Circuit...
Do you invest in India Stock Markets? What are the different criteria you look into before picking a quality stock? Did your stock hit upper/lower circuit - Panic Sell Vs HODL? Please let me know your views in the comment section below...cheers
Image Credits:: screener, pro canva, sharekhan, business-standard
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain, Stocks & Cryptos and have been investing in many emerging projects.