As we are repeating for the last 3 days, still we advise to keep away from the markets. Do not try to estimate the bottom of the market. Let it happen on its own. We still recommend a buy or hold in our Financial Tech and Jindal saw. These stocks will show resistance to down move, though it might take little time to achieve its target.
On compulsive trading, watch for 2800 support of nifty. If that does not hold then we are heading for 2500 range.
Watch out for all IT sectors. Stocks like Infy, TCS and Wipro are showing signs that they will correct in coming days to give a good entry point for a up move. Also CNX IT is showing signs of bottoming out. Hence wait for our recommendation to get into it .
To mention about Satyam, though the company fooled the investors, we believe there are similar stories to unwind in INFRA STRUCTURE space. BE AWARE.
Happy Trading
Samm Inc
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