Senxex trades weak, Fundamentals Intact

Investors should not Panic, India Story Intact

The sharp fell in the stock markets witnessed yesterday resulted in panic selling among investors. The markets opened today on a positive note, however that was shortlived. Soon the sensex dipped again to Red. It is true that in this wave of correction in small and midcap stocks, many good stocks also took the beating. Even large cap stocks came under the fire.

Let's see what have changed in the last few days. I do not find anything missing except the momentum and hence those stocks which were running just on momentum and didn't had any fundamentals to justify their momentum fell like nine pins.

It's important for small investors to avoid a temptation of making fast bucks and buy stocks on hearsay.
However, the silver lining is that those investors who are sitting on cash and waiting for the markets to correct will find some opportunities to enter the markets at lower levels. The long term sentiments is still bullish.

Stocks which look good pick for Investments include Gujarat Ambuja, Hindalco, Reliance Industries, Moser Baer, Dishman Pharma, Allahabad Bank and Jindal Viaynagar

Happy Investing !

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