Forget figuring out Nifty’s bottom, focus on stocks with growth prospects. 7 large-caps with upside potential of up to 32%
Are you waiting to figure out when the Nifty and Sensex will bottom out so that you can shift from being bearish to bullish? Don’t even bother. Consider this simple point: Did all stocks start falling only after September 26, 2024, the day the index peaked? No. Many stocks across segments began declining much before that day. Similarly, much before the street realizes the Nifty has formed its bottom, many stocks would start to gradually move up. There is no way any investor can determine the precise level and date when the Nifty will bottom out. However, the fact that it has corrected over 15% increases the probability of the market being near its bottom. The operative word is “probability”. So, it is perhaps time to focus on companies where the broader picture of growth is intact. And let the Nifty do its thing.