Market crash: Is it the right time to invest?

Red is the colour of the day is red for the markets as bears continue to pressurise bulls on the first day of week. This is a repeat of Wednesday's crash as Asian stocks slipped over 2% and US markets also ended lower.
jay Srivastava of Dimensions Consulting feels that the market is looking down today and comments on the strategy that is to be followed.

His advice is to get into the market when the time is right and he adds that good companies are right choices to invest at this point of time and not when the market is at 15,000. Srivastava believes that the there is nothing called time in the market and investors have to keep adding to their portfolios over time.

"So sensible advice could be, get into the market when the time is right and so on, actually it never translates, you could see a major negative today, you could see major negative tomorrow. Good companies are right to be invested in at this point in time, not when the market is at 15,000 and so on. To that extent we are always to say that there is nothing called time in the market, you got to keep adding up to your portfolios over time, your income is going up," states Srivastava.

Technical Analyst Ashwani Gujral advises that instead of being jittery people should plan to buy further. He states, "So it is a good place to buy into this market. Instead of becoming jittery, people should plan to buy as this market decline further."

Source : moneycontrol