In last recession (2008).There was lot of article to invest in infrastructure as government spends more so that unemployment remains low.

Now again it's being said its going to hit and this time it will hit INDIA hard as we are much related to European market related to exports than US.

Analyst saying metals and banks won't participate in next bull run.

Also US have high unemployment rate hence IT too looks avoidable.

FMCG though growing even they will get hit in one leg or another (1 product might run other will underform to nullify the effect).

Pharma: I have no idea about its performance. But all saying safe bet. But on that word I can't take a call.

Any sector on which I need to keep tab.

I am right now investing in many stocks or averaging it down from my past cost.

But keep a lakh for total new investment. If i buy 10 stocks of 1 lakh worth. I'll buy 1 stock worth 2500 rupees and another buy of same stock when i see further fall of 15-25% in it of same amount. If it never goes that low I won't invest further and will sit on cash.

All investment won't be sold in short horizon unless some satyam type scam hits the company.

My mantra - next bull/big-fall and subsequent rise happens when MASSES are afraid of or are no longer interested in averaging down

Don't average at 10-15% loss, will lead to exposure bloat.

Actually average down at every 40% fall from previous level of fall.

By the way didn't understood which sector you mentioning.

If you look at the performance of various sectoral indices for 2011, FMCG had out performed market by a decent margin while Realty is worst hit.

Personally, I like FMCG in medium-long term and Pharma for long-very long term.

FMCG for continuous faith in India Consumption (not Growth) story and Pharma because of bio-tech factor.

What we are witnessing on the global stage I guess commodity space could be the next big thing and would be seriously considered by the investors in case something unprecedented happens?