Market this week look and wait for some good news from global market.Although sensex have a great support at 19,000.
Monday morning market mai bounce back but still volatility maintain there.Market may touch 18,000 in short term.
The correction was more or less something, which was long overdue, valuations were clearly rich and I think the market deserved to correct. If you ask me at this point in time the market will get support of around 18,000 levels. This is assuming that one doesn’t see bankruptcies emerging in the US.So if one sees write-offs happening and bailouts happening I think the market could see support at around 18,000 levels. But if bankruptcies emerge, I would expect even that level to get pierced.
Take every down as a buy opportunities and Buy on every down for short term profit .See market at 22,000 since ,march.
Buy power sector share like power grid , sterlite ind. on correction.Buy reliance industries on correction.Cement sector will play major role in next upside of market.Enter cement sector now.
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