Markets presenting an opportunity to buy

Markets have closed negative again today. From the Mahurat day the indices have dropped around 12% in about 10 trading sessions. Clearly the sentiment is very negative and selling pressure is mounting on the bourses. From a trading perspective it is clearly a sell on rise market for the near term. From an investment perspective we have reached an extremely pessimistic environment, where buying is going to very difficult to do from a psychological point of view. However experience says that it is during these panic times that one gets the best bargains for buying. Investors need to be brave and go out and buy quality stocks in this mayhem. In the short run we might seek lower levels but the broad picture is still very attractive and buying in a phased manner over the next couple of weeks is likely to be extremely profitable in about a year from now.