Time to Accumulate Begins

Markets have corrected a decent bit. Certain sectors look attractive with a few cautions whcih can be tied down with hedged buying in other sectors.

For eg.

IT Sector Frontlines are at good levels, if rupee does not appreciate further. So, Big 4(TCS, WIPRO, INFY, SATYAMCOMP) are Accumulate.
But what if rupee appreciates?
Well, lock in the Accumulation with complementary accumulation in Oil Segment(GAIL, HPCL, IOC, ONGC).

Both sectors combined give an awesome risk return profile(Rupee Appreciation helps Import Driven Oil Sector, Depreciation Helps S/W, both are at rock bottom prices now, with current exchange rate).