Arvindji, I have to do something abt SPARC and JUPITER by this week otherwise I have to pay the broker or book loss. Is there any chance of recovering this week. Pls advice . Also if I book loss on these please advice which script to get so that loss can be recovered at the earliest.
Sparc is around 92..and jupiter close to 60... i would advice you to hold it.
Pharma stocks are the best bet in the downfall.
Other Stocks to view for short term: IRB Infra, Orchid Chemicals, Delta Corp, Gitanjali, Titan, IGL, SunTV
We are down 2150 points or 10.1 % down with 15 sessions done. If we have to stick with the time cycle being followed then we might be through with the bottom by mid of dec and a strong recovery could follow. But time cycles are not a strict technical study so one needs to wait and watch for further confirmations.
As i have been maintaining the longer term bullish stance and a worst case dip to 18500-18800. Many people might start getting fearful with the correction and start re-collecting 2008 !. But in simpler terms its a CORRECTION not a Crash and what we may see is a similar impulsive upmove over the next few months.