Not a very exciting day - the market went down steadily downhill by over 200 points (sensex) and Nifty by 60 points.
Market closed near the lows - Nifty @ 5349 (down 45) and Sensex @ 17838 (down 173).
The downside now seems to be not more than 2 or 3 % and the upside could be 8-10%.
SBI and ONGC now look good to buy @ 2280 and 260 resp. There can be further 3 to 5% downfall from here but this scrip looks for an appreciation of 20% in next 6 months.
Tomorrow - F&O expiry - can expect some unexpected movement - for now it seems that Nifty is headed for 5300.
Market closed near the lows - Nifty @ 5349 (down 45) and Sensex @ 17838 (down 173).
The downside now seems to be not more than 2 or 3 % and the upside could be 8-10%.
SBI and ONGC now look good to buy @ 2280 and 260 resp. There can be further 3 to 5% downfall from here but this scrip looks for an appreciation of 20% in next 6 months.
Tomorrow - F&O expiry - can expect some unexpected movement - for now it seems that Nifty is headed for 5300.
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