The stock markets in past two days have taken a down turn and become quite volatile in Indian capital markets. This was more accentuated by the fact that our market are nearing expiry and also credit policy announcement was a bit negative in the sentiments. Some of the most crucial support levels like 4950 and 4850 have broken down next crucial level on Nifty is 4730. In case if 4730 is also broken on closing basis be prepared for roller coaster ride and steep corrections to 4400 levels. I have updated my QuickPick Tracker following the fall in the markets over past couple of days.
For long term investment investors can start adding good quality companies at 4730-4750 Nifty levels to their portfolio. Some recommendations by FinWin would be to add: (Not all but selective 3-4 companies of your likes / sector which you understand better)
Larsen & Tubro / BHEL in Captial Goods
Reliance / Petronet LNG / Guj. Gas (Oil & Gas)
LIC Housing Finance / HDFC (Finance: Housing)
3i Infotech / Rolta India / Micro Tech (Midcap IT)
Axis Bank / SBI / ICICI Bank (Banking)
Nifty Bees (Index ETF)
JP Associates / GMR Infra (Infra and construction)
IDFC / Power Finance / Reliance Capital (NBFC)
TV 18 / UTV Software / Reliance Media Works (Media)
TV 18 / UTV Software / Reliance Media Works (Media)
Other stock mentioned in the blogs Value Pick section
Just one suggestion is buy in staggered fashion such that on further fall more can be added.
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