Indian market closed in red for the third consecutive day because of the negative fundamental issues.
Nifty today closed 5420.60, 18.35 points in red.
I mentioned already that 5400 is the best buying level in this scenario.
So I think this is the best time for investment for retail investors.
The stocks I prefer for the investments are the following.....
# Reliance Industries: Today it closed at Rs.901.85 (NSE). This is the best time for investment in RIL. The issues which are related to RIL will not affect the performance for the long term point of view. The immediate resistance is at Rs.1040.
# Yes Bank: Today it closed at Rs.281.85 (NSE). We can make investments in this range, because this is one of the leading private sector bank. Immediate resistance is at Rs.330.
# IDBI Bank: Today it closed at Rs.132.05 (NSE). The bank has announced a good quarter result. This is the best level for investment.
# IFCI: Industrial Finance Corporation of India is another stock which is advisable at this point. Downside risk is very low for this stock. Now it closed at Rs.48.15 (NSE). Immediate resistance will be at Rs.60
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
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Financial Planning