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Last Modified on 27 Jan 2010: After 5 consecutive days of market fall, we are now holding on to the support offered by 4850 on the Nifty, which is a crucial support level. It had also played a role during the Dubai crisis day on Nov 23. But the current correction is clearly bigger as the  FIIs have been net sellers every day for the last 5-6 days.

The market will hold and move up by end-Feb towards 5100, before the budget in end-Feb.

Older text: NIFTY 5400 is Our Target For Feb 2010; at that point, you should convert at least 50% of your portfolio into cash. Even currently at 5225, you should have 15-20% portfolio in cash so that any dips can be bought. Large cap stocks that can deliver good return from now to end-Feb 2010 are:  NTPC, Tata Motors, Reliance Media Works (Adlabs), Hindalco, Tata Steel, Satyam

Mid cap stocks that can deliver good return from now to end-Feb 2010 are: Peninsula Land, Lakshmi Energy & Foods, Orbit Corp, Panacea Biotech, KSK Energy, IOB (Indian Overseas Bank), Varun Shipping

Small cap stocks that can deliver good return from now to end-Feb 2010 are: Munjal Showa, Surya Phrama, Vipul