The market continues to fall. Sensex is at 18,367, down 234 points form the previous close. Nifty has fallen below 5500 to 5483, down 77 points. Market breadth is weak, with 202 advances against 870 declines on the NSE. Biggest Nifty losers include REL, Sterlite Industries, Tata Power and Unitech.

Buying at current levels can be done in capital goods, banking, metals, power and power utility spaces now, says Gaurang Shah of Geojit Financial Services, on Zee Business. But keep a slightly longer term perspective, he adds.