Experts reveal whether further unwinding is likely. Investment advisor, P N Vijay believes that value investors can start putting in money into the markets now.
I think value investors can start buying now. The correction has been swift enough and we can never call the bottom.
I think the financials are in place. The Indian economy is jogging along quite nicely. The domestic interest rates, inflation is fine. So for value investors, 20 per cent of the money can be invested at these levels.
Technical analyst, E Mathew says one should buy, if one believes in the long-term story. A lot of brokerages have been very aggressive in margin funding and that is a double edge sword as we could see right now.
This cowboy brokerage business has led to this sort of a thing in my opinion. So we have to pay the consequences for that possibly, the pain may prolong for a little longer till all the leveraged positions are cleaned out. But the smart people will buy it this when the bloodletting is on.
If one stands back and sees the Nifty is now certainly going to take support between this retracement zone and one has to go out and buy if one is convinced about the long-term story.
Even if one is a three-six months trader one has to go out and buy. As I do not think these retracement levels will be available possibly after three-four months.
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