Market closed in red yet again. The rally on Thursday was more of some bottom fishing and consequently short covering.
Cement stocks are battered like anything. But this should be utilised to take entry into the biggies
especially ACC, GujAmbuja. If they don't increase price for 1 year then also they are making good profits..
Some of the realty stocks are also available at deep discounts.. May be 5-10% down, one can start accumulating the good ones.. Picks would be Peninsula Land and Ansal Properties..
No short term picks are been given these days since we don't believe in day trading and in these kind of markets its better to stay in cash and wait for better opportunities..
Market may see one more bout of correction in coming days.. Range for coming two months should be 11800 - 13250.
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