Market volatility: Anil Singhvi says it's a perfect market; lays down CLEAR strategy for traders and investors

The stock market has been volatile for the last few days due to spike in Covid-19 cases across the country. This has led to confusion among traders and investors about their plan of action in the current market. Talking about the action in the last few days and road ahead, Zee Business Managing Editor Anil Singhvi was very clear in his approach. "Traders should do range-bound trading, while investors should stay invested and buy on every dip," said the Market Guru.

See Zee Business Live TV Streaming Below:

He said the market may once again give an opportunity to pick shares at discounted rate, though it may be similar to the previous year.

Zee Business Managing Editor advised traders to focus on 14,500 to 14,800 range. " If you are a trader who knows how to short, there is plenty of opportunity for you. There are certain sector-specific stocks which are hinting at weakness and one can trade in them. There is also chance for those traders who want to push the rally by buying. If they look beyond Nifty and Bank Nifty, there are many options. There are many sectors like pharma, metal, cement that are showing positive trends and if one picks shares and makes an entry at right time, it is not difficult to make 10 to 15 per cent profit from them. Similarly, one can make 5 to 7 percent profit in vayda bazaar shares very easily, especially in market like that of Yesterday's (April5)."
One has to identify share where to short and where to buy, he said and added that Contra day approach is applicable for those who want to trade in Index.  

अब ट्रेडर्स और निवेशक क्या रणनीति अपनाएं?

ट्रेडर्स और इन्वेस्टर्स के लिए कौनसी रेंज है सबसे अहम?

निवेशक पैसा बचाएं और हर गिरावट पर खरीदारी करें...

जरूर देखें अनिल सिंघवी का ये वीडियो...#EditorsTake #StockMarket #Nifty #Trading #Investment #BankNifty @AnilSinghvi_ pic.twitter.com/ohLks5syiC

— Zee Business (@ZeeBusiness) April 6, 2021

"It is a perfect market, with perfect opportunities and if one can position themselves accordingly, it is not difficult to make money even in this market, he said. This is for traders. As far as investors are concerned, it could be a very good opportunity for them to invest more if market corrects due to corona. One won't get an opportunity like March last year. However, there is chance that the market may witness limited fall. In worst case scenario, Nifty may slide to 13,250 to 13,850. For some reasons, if the market reaches around this range, investors should be fully invested at these levels, " he concluded.