The line seems to be apt for the current market scenario.
Although the current market breaking below the recent lows of 17300 and 5200 on Nifty does create a possibility of a breakdown. I see this current turmoil as an opportunity for stock specific entries.
This may seem as being optimistic we will remain selective in picking good defensives.
Will soon update more details in the day or by evening.
For now our favorites Godrej Inds, Atul, KPIT , Tata Global, Aditya Birla Nuvo, Divis Wockhardt, Smartlink and some more which we are looking into.
In the index dr reddy, bharti, hdfc bank,axis bank, kotak mahindra, hul
Will update with the levels to get into