New Delhi, Aug. 23 -- Stocks to buy for the long term: Ace investor Charlie Munger once said that money is not in buying and selling stocks but in waiting. This means the market magnate was advising investors to hold a stock as long as possible. After strong selling in the Indian stock market on Friday and expected trend reversal on Dalal Street after Jerome Powell's speech at the Jackson Hole Symposium, triggering the US Fed rate cut hopes, some bottom fishing is expected on Monday.

However, it is difficult to assume this trend reversal would be enough to establish a fresh bull trend in the Indian stock market. Similarly, it is impossible to think that profit-booking would drag at higher levels because timing the market is challenging. ...