Investment advisors and experts often point out that investors should buy undervalued stocks and sell them later at high prices to earn gains. It is also not considered prudent to buy when the stocks are rising into over-priced territory, or to sell in panic. They are told to stay away from irrational exuberance as well as from widespread panic. Momentum investing, on the other hand, follows a different strategy and encourages investors to invest in stocks when they are rising, and sell them when they have already peaked or started to fall.
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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