Market recovered sharply in late afternoon trade. Mostly the rally was led by IT heavyweights.
Cement continued to slide. We are not positive on cement atleast in short term.
RelCom also moved up sharply.
Worst doesn't seem to be over unless this rally sustains. The upmove was more due to short covering. Staggered buying can be done in this kind of volatile market.
Our picks for staggered buying would be Infosys, Bhel, L&T, ICICI Bank, Suzlon & RCom.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment