Time to start Shopping!

Today sensex closed at 15357 which is lowest closing since August 31, 2007. Sensex may fall to a lower levels may be 1000 point more from here due to global as well as local factors. Moreover one must keep in mind that our market always overdo the things whether on the upside or the downside. But prices of some of the quality scrips have reached an attractive levels.

I think this is the time one must start buying the quality stocks whether large-cap or mid-cap. Especially those waiting on the sideline with intention of entering the market should start putting at least 20% of their capital. They can invest further if the market falls even more. But one must start investing only if they have one year horizon in mind because this is not a trader’s market anymore nor can one invest with a view of doubling their capital instantly.

My Favorite Stocks for Long-term Investment:

Everest Kanto

Reliance Inds.

GMR Infra.

ICICI Bank

HDFC Bank.

Stocks for Short-term trading:

Buy Cairn India near 201-210 level and sell above 240.

Sesa Goa can be traded in the range between 2900 to 3600.

Everest Kanto can be traded in the range between 276 to 310.