Sensex is down by about 100 points in the morning trade. However, I think it is going to be a Volatile day and it is hard to predict where it will close at the end of the day.
Metal continues to get battered. The good thing is some fundamentally good stocks like Sesa Goa and Sterlite looks attractive now.
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This negative market is pulling many other stocks down. Like Cairn India, Lupin. May be one can consider entering into these stocks. Or may be better to wait to see them bottoming out.
Among banking stocks, Karur Vysya had been pretty volatile, already swinged from 456 to 496. I wish I could buy some at 456.
But these stocks are fundamentally good and going down mainly because of the general negativity in the market.
It is going to be a volatile day, and if you are lucky and remain vigil can make some money from day trading.