Following negative cues from Asian markets Indian market opened down. Nifty slides below 7600 and Sensex below 25000 levels. Nifty trading around strong support of 7550 - 7575.
I personally believe that any fall in market due to global concerns is an opportunity to buy good quality stocks. 7550 may be strong support for traders to go long on Nifty. For investors an opportunity to add some good companies like L&T in their portfolio.
Banking companies are looking weak but I will look to buy it at every decline. At least 10 percent of my investable money I will spend for buying banking stocks.
I strongly believe that our market will outperform the global markets and we will lead bull market run.
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