Yesterday's bounce was little encouraging but we are still not out of the woods.Short term traders are advised to trade less and not hold positions for longer durations. One needs to approach this market on a day-to-day basis.We need to watch as to how far this rally goes. 5250,5400 and 5500 are next hurdles.
As I have said before,use the bounce to get out of your speculative positions as still the downside risks remain.Till we see a reduction in volatility and markets settles down, one can never be sure of the market direction.
Large cap stocks that look good are
RIL
SBI
RCOM
L&T
BHEL
Frontline midcaps
Punj LLoyd
IDFC
Kotak Bank
Relcap
Nagarjuna Construction
Welspun and
Voltas
When market crashes no stock will be spared. But when the market recovers we can make up for our losses if we have stocks like above in our portfolio.
- SageCapital
As I have said before,use the bounce to get out of your speculative positions as still the downside risks remain.Till we see a reduction in volatility and markets settles down, one can never be sure of the market direction.
Large cap stocks that look good are
RIL
SBI
RCOM
L&T
BHEL
Frontline midcaps
Punj LLoyd
IDFC
Kotak Bank
Relcap
Nagarjuna Construction
Welspun and
Voltas
When market crashes no stock will be spared. But when the market recovers we can make up for our losses if we have stocks like above in our portfolio.
- SageCapital