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Is the stock market in for a correction?

The Nifty today (21st Jan 2010) fell by 128 points and the Sensex fell by 423 points, due to the negative trend in the Asian markets and the US markets. Adding fuel to the fire, the results of the majors are also not good - L&T, BHEL. So, the markets tumbled today. It may fall further as the US market is also not doing good - thanks to Obama being harsh on the banks. With the F&O expiry approaching for the Jan 2010, you can see some negative trends till end of Jan 2010.

If the market falls tomorrow (Friday), i would suggest to buy fundamentally good stocks, as it may go up soon. You can really use any downfall for the purchasing opportunity of good stocks.

I dont want to recommend stocks, as there are many sites, which does this job. So, note down few stocks and start buying them on dips for your investments.

Happy investing.

Cheers,
Gopal

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