The market witnessed a very disappointing week after a long time. Almost all round selling pressure was observed in all sectors due mainly to Global disappointments. The SENSEX has good support near 16800 where it has closed. Global markets were weak on Friday indicating that our market will open gap down on Monday.
I believe that the downward movement of market may not continue further and the market may rebound at any point. I would prefer to add some good scrips in my portfolio during this fall. Treat this reactive phase as an opportunity to buy.
Concentrate on GNFC (Current price 123, target 144), Geometric (71, 84), IGL (202, 236).
DO NOT RUSH TO SELL IN PANIC.
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