Market guru Anil Singhvi terms today’s stock market rally HISTORIC - check his mantra to be successful in share bazaar

Hailing today’s trading session as historic, Zee Business Managing Editor and the Market Guru Anil Singhvi urges investors and traders that rather complaining, they should invest in the right share and must have patience for being successful in the share market.

He says, the surge and decline in the market is not in our hands, rather it’s a cumulative action, and volatility in the market is obvious. He says many have categorised today’s Reliance Industries (RIL) rally as either a compliment or complaint — former because it lifted the market and latter because it was the only stock to lifted the market most.

See Zee Business Live TV Streaming Below:

RIL hit a new life high today almost after one year, the last record high it had hit was in September 2020 at Rs 2370 per share. In comparison, the Nifty index during the same period has surged around 5500-6000 points from 11600 to 17300 levels today, says the managing editor.

RIL rallied today, but it had also underperformed for the last year registering volatility in the stock, the market guru points out.

MARKET UPDATE

बाजार की इस तेजी में रिलायंस का कितना योगदान? समझिए अनिल सिंघवी से #MarketUpdate #Nifty #Reliance pic.twitter.com/GRkZUlRLbx

— Zee Business (@ZeeBusiness) September 3, 2021

Taking a cue from RIL, Singhvi also says, the same is the scenario with Mid-cap Index, which closed at a record high for the second straight session.

He adds, many investors are complaining of they are at loss of around 10-15 per cent, perhaps the stocks they have in their portfolio are not of good quality or perhaps those stocks are yet to show a rally.

The managing editor says, the bull run, market is witnessing is spectacular, and it doesn’t matter ho and why this bull run is, he suggests, investors should think about their position rather complaining and choose right stocks and sectors which are would likely to be in action going forward.

Before concluding, Singhvi suggests, to make an entry in stock and sector at the dip, have patience and urges not to panic at sharp fall if the stock is right and of good quality.