Share Market Crash and How To Benefit From it

23rd Sept, 2020.

NIFTY sheds almost 100 points, BANK NIFTY sheds 227.7 points and SENSEX goes down by 300 points.

Yesterday i.e on 22nd Sept, 2020, we witnessed a strong bearish move for the second consecutive day and NIFTY breached it's important resistance levels of 11,200 and 11,150 after 14th Aug, 2020 and BANK NIFTY broke the important resistance level of 21,250, creating a panic in the market.

However, towards the end of the trading session there was a little recovery shown in the share market, unfortunately that didn't last for long. With all the Global Indices showing weakness and Indo-China border tensions we were expecting a bearish move. And that was clearly visible on charts as well.

How can you benefit from this stock market crash?

Look at this as a buying opportunity, this is the time when one must invest money, right now you can buy good quality stocks at cheap price and earn strong returns in the short term.

In Nov, when the US elections are about to take place, the markets may get volatile again and give another buying opportunity.

Our Outlook:

We feel, Pharma and IT sector will lead the market from here, Pharma sector is finally performing after a very large consolidation and has the potential to outperform the markets.

What should traders do?

Traders have to be cautious, although we feel most of the correction has already taken place but still keeping your positions light and saving your profits is what a trader should do in this kind of market, as they say "Live to Trade another day".