Anil Singhvi, Managing Editor, Zee Business, says those who are looking forward to making money should invest in gold and silver at 47,000-49,000 level & 61,000-63,000 level, respectively. During a candid radio chat with RJ Salil Acharya, Radio City, 91.1 FM, Mumbai, Mr Singhvi said the ongoing border tension will end in next few days. So the investors must not be afraid of the happenings and stay invested.

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RJ Salil said, something is going in the market, which is detrimental, like India and China, and the stock market is scared of it. Due to this, the market has behaved negatively, a lot. To which Mr Singhvi replied by saying that the market has been quite bullish for the past some days and a healthy correction is needed to bring them down and it needs some excuses. But both excuses came together (i) the weakness in the American markets and (ii) tension at the border (LAC) between India and China. However, both of them are not permanent. It is temporary and a matter of 2-4 days. Everything will be fine, so don’t be afraid or panic, so just tie your seat belts and sit comfortably and make sure that there is no shock. So, I would like to say that both of them will pass-on in next few days and investors need not be afraid at all. But the short-term traders like you should be careful and should keep overnight positions low because the market moves up and down with a gap and big moves are seen during the day. So, the traders have to be careful and investors should stay.

To this, RJ Salil enquired that are you seeing signs of the bear market, although in previous talks you have said that the market will not fall to 7,000-8,000 levels. Mr Singhvi said, no not at all, if such a condition is created where the market will touch these levels - 7,000-8,000 - then I would like to sell almost everything, I have and put the money in the market, however, it is not going to happen. 

If the global market gets worse and there is an increase in border tension with China, then you can see a downside to 10,500-10,800, but that will be a temporary one and will not stay for a long time. Such a situation is very remote. Right now, it looks that the market is not going to break the 11,000-11,200 levels easily. So I don’t think that there is any reason to be upset. Small things happen in a big country like us. What it can do when we have digested a pandemic like CORONA?

When asked about the stocks where the traders and investors can focus this week, Mr Singhvi replied that you want to buy stocks because you want to make money, if yes, then I will tell you the formula to make money instead of stocks. At a time when the atmosphere is tensed at the global level or in our country then look towards gold and silver as they are coming towards good levels, now. So, I have an understanding that when gold and silver will turn worth buying below 50,000 levels then go for gold at 47,000-49,000, which is a good entry-level in the metal. Similarly, 61,000-63,000 is a perfect entry-level in silver. So focus on gold and silver this week and let’s keep stocks for next week. This level is very close and may reach anytime in a day or two. Get hold of them when they attain these levels.

Watch Zee Business live TV below:

Market Guru in talks with RJ Salil Acharya of Radio City is a 12-part series of interviews on stocks market.