Amid the heavy selloff that dragged the markets from 18000 to 17000 in just 8 sessions, Zee Business Anil Singhvi suggested the viewers to adopt the wait-and-watch strategy. He said that investors are worried as the markets have declined. He suggested investors to review their stocks. If you have taken entry into good stocks at higher levels, he said, the issue is only with the timing of entry. If you exit now, you will do 100% wrong. Forget that you have purchased shares and wait till Diwali.

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If you have taken penny stocks, news-based stocks, that's another thing. But forget for 1-3 months.

You should have the capacity to average quality stocks at low levels. Even if you don't, then you should have the capacity to hold. There is no need to take stress if you are an investor.  

 

He also said that this is a great time for new investors to take entry. He suggested investing through SIP mode in stocks during the Navratri. He shared a simple technique with the viewers -- if the Nifty goes down 1 per cent, investors should invest 9 per cent (which is around Rs 1600- 1800). 

For the Intra-day investors, he said that they should stay calm this week. According to him, there are two reasons to stay calm -- first is that the monthly expiry is on Thursday and the second is that the Reserve Bank of India (RBI) will announce the MPC decision.

Further, he said that the remaining days in September are the best time to invest money. He suggested aggressive traders go for five SIPs and investors who want to do intra-day should do a SIP of 5-7 days.