Market Out Look :

Crash –Crash-Crash. On Monday major sell off seen in market due to some NBFC companies failed to make a payment in market resulted broad based selling seen over all and major hammering seen in  30 minutes chart. Over all 480 points swing on intra day alone i.e. 11346 to 10866 and almost 5.6 lacs  crore wealth wipe out in market. In Bank Nifty also roller coaster seen and almost 1500 poins volatile in market. Now time to avoid any long and likely some pull back but good opportunity to exit long and fresh short side.  We are expecting on Monday more sell off can not be ruled due to RMS and margin call.

On the other hand panic selling on some time can be a good opportunity of buying side I long term such as Yes Bank, DHFL, I Bul Housing, LIC Housing. Because fear always selling and once fear will be subsidies buying start.  In this fall  Housing Finance Companies and OMC are available at a good price for long term purposes.