Thursday, August 12, 2010

Morning Market View - 12/08/2010


The bout of selling seen yesterday is likely to continue at least in the first half today. We believe that this negative trend is not likely to last very long and the minor correction is a good buying opportunity. Hence till such time that a major negative development takes place, it will make sense to remain positive and use declines to buy quality stocks. Infra, banking, cap goods, cement, metals and sugar sectors should be preferred for buying.

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