Anil Singhvi says 'Cash is king'; here is what Market Guru recommends investors should do

Empty your portfolios at every jump in markets, Zee Business Managing Editor Anil Singhvi has said today. Investors should sell stocks at every opportunity they get, Market guru revealed. Singhvi said that investors, as a matter of rule, should make sure that they exit the markets when they are on a high and also warned that if they don’t do it at the opportune time they may be stuck with the stock for months.

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हर उछाल में पोर्टफोलियो करें खाली...अनिल सिंघवी ने फिर कहा- Cash Is King, निचले स्तर पर खरीदारी के लिए कैश रखें तैयार#EditorsTake #Nifty #BankNifty #Sensex #NSE #BSE @AnilSinghvi_ pic.twitter.com/YkniTNGmXk

— Zee Business (@ZeeBusiness) May 15, 2020

Singhvi said that he did not see any domestic or international triggers that can sustain the markets on an upward trajectory for long periods. On the issue of government packages – two tranches of which have come in the last two days, the Singhvi said that the impact of such announcements on markets will only be momentary as the situation on ground for the companies may still take some time to improve.

He further said that if Dow Jones falls by over 1000 points in a day, no amount of package could help market situation improve. The announcements made by Finance Minister Nirmala Sitharaman may help some sector specific stocks, but that could only be temporary. He warned that investors may not find the exit point for months, if they don’t sell at right opportunities.

The only reason to buy now should be global markets and the liquidity situation, he said and added that the investors should keep a watch on US markets to take their cues. Singhvi again reiterated that he does not see any local or global triggers to catapult the markets and also sustain them at higher levels.

The market will not fall or rise on a daily basis and the markets will likely be in a range of 9000 and 10000, he added.

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Singhvi said that investors should sell whenever there is a high in the market, buy selectively at important support levels and exit after small profits, he concluded.