Sensex has broken below the crucial zone of 19500 and the fall has been onee way down and the llow volumes indicate its more due to lack of buying . The next crucial level is now placed at 18400 -18500 zone. All the previous major corrections frm the time sensex hit 8k have taken support at 38.2% of rallies and the same level now is 18400 approx .
As stated in previous post that keeping cash in hand is good . 18400 zone looks best time to start deploying cash and going slow with small lots. Those who have been stuck and dint exit on stoplosses may have problems today n tomorrow as much more selling would be seen due to margin calls etc. Well all can be said for them is u have seen the real pain and lil more is left if u have the capapcity to bear can see better levels in weeks to come.
Stocks to pick in declines only with 6 mths view . Ashapura minechem , GTL ltd , GTL infra, Viceroy Hotels , Mundhra Port . The list is long but no time to right... Delayed flights makin me write in the morning ...
BEst Regards,
Nooresh
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