As I said earlier in my posts that stock picking was very slam dunk last year as almost all stock ran wildly. The same might not be case in 2010 and the art of stock picking will prevail.
Sensex is down almost 1000 points and there is still downside possible. RBI is looking at increasing rates that can dampen mood in Realty and Auto sector.
Healthcare stocks ( Apollo , Fortis ) and IT still remains my theme for next year . While healthcare is immune to slowdown in broader economy , IT sector is almost debt free. That insulates it from impact of rate increases.
Infrastructure companies are the ones to hit hardest as they have piled up debt in past years.