FIIs booking profit and LTCG issues will most like keep the market falling till March 31st.
The dilemma is which ones to start buying till 31st:
- The ones that are relatively strong and not falling too much : HDFC twins, L&T, Voltas, Symphony, VGuard, Century Plyboards, Avanti, Ashok Leyland etc to name a few
- Or, the ones that have corrected and still correcting: ICICI, Canfin, LIC housing, Yes bank. And, now metals (Tata steel, Vedanta etc) due to recent sector specific issues
- Or, very badly beaten down ones : RCOm, Kwality, Sintex twins, JP Associates etc.
- Or, a combination of these like 30% of option 1, 30% option 2, 10% of option 3 ?