Sell in May on highs, do not buy - keep money ready, says Market Guru Anil Singhvi
Amid many uncertainties in the market, Zee Business Managing Editor Anil Singhvi's top tip for the month of May is to sell when markets are on a high at every opportunity. The Market Guru says that investors should sell when the Nifty range is between 9300 and 9800
Amid many uncertainties in the market, Zee Business Managing Editor Anil Singhvi's top tip for the month of May is to sell when markets are on a high at every opportunity. The Market Guru says that investors should sell when the Nifty range is between 9300 and 9800. Singhvi, while emphasizing on the importance of cash, said that "Cash is King" and it was important for investors to preserve it.
Singhvi further said that Zee Business has been consistently guiding investors on how markets are going to behave and also suggesting what to do at different points of time. The market guru will continue to keep revealing to viewers about money earning opportunities arising in the market in future.
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मई में ऊपरी स्तर पर बेचना है, लेना नहीं है...
अनिल सिंघवी ने कहा- कैश शेयरों को नहीं छूना है...नहीं छूना है...नहीं छूना है...Cash Is King…कैश तैयार रखिए...फिर मिलेगा निवेश का मौका#NahiLenaHai#NahiFasnaHai @AnilSinghvi_ pic.twitter.com/4cK1gIhkBs
— Zee Business (@ZeeBusiness) May 18, 2020
Singhvi said that the channel gives its commentary on markets and behaviour everyday and will continue to do that. For investors, it will reveal the opportunities as and when they happen. He said that he will inform investors when to make an entry into the market just like before.
Anil Singhvi said that he does not suggest investors to put all their money in in markets at one go. Instead, investments must be done in small chunks. He further said that the investors should not panic and wait for the right time. Market will give enough opportunities to earn money, he added.
The Market Guru said that investors should not rush into buying and there will be enough opportunities to make money at different levels of the market.
Sounding a note of caution, he said that investors should be particularly wary of the cash market. He said that the investors should not touch stocks in cash markets as once they get trapped, there will be no easy exit.
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Today the Nifty 50 fell by over 300 points or over 3 per cent trading around 8,822.65 minutes before the market closed.
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