Buying the DIP?

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#1
With Nifty down about 12% from its peak, Indian equity market is flashing oversold signals, with over 286 stocks on the Nifty 500 index currently trading with a 14-day Relative Strength Index (RSI) below 40, a level that typically indicates oversold conditions, according to data analyzed by brokerage firm.
Are you buying the dip or waiting for few more days to observe the outcome.