As Panic takes over the market , we may see continued sell off . US and EU markets came off sharply on Friday . As Iran Oil enters the international market Oil continues to make new lows .
Also the fear of the unknown called ‘ CHINA’ haunts the market . We may also see margin calls leading to further sell off in the Indian equity markets .
However these are oversold markets and is not entirely fundamental driven .
Long term investors should use such opportunities to add to their portfolio . The following can be added in small lots over this correction . One can expect healthy returns in the next two years .
IT : Infosys
Pharma : Cipla , Sun Pharma
Infrastructure : L&T
FMCG : HLL , P&G
Trades with enough risk appetite may build small long positions on Feb . The market after today's sell off may see some relief rally .