The markets have corrected and we feel the worse is not over yet. Chances are Monday morning will see another crash at open. Remain cautious especially till noon and prudently try and build a healthy portfolio for the medium to long term. Don't expect any mega gains immediately. However after over 12% correction from all time highs, the fundamental story of the economy is still intact with Average GDP growth rate at 8.6% in three years of UPA coalition Government and economy in stronger position than ever before.
One can consider taking investment calls at lower levels in:
- Infosys
- M&M
- Gammon India
- Crompton Greaves
- Tech Mahindra
- Sun Pharma