PowerGrid Investment Trust gives steady 3/- dividend every quarter that calculates to 12-15%.
When market breaking all time highs and every think of correction, it is not a bad idea to invest in PGINVIT to generate regular income. Recent ICRA Rating update also affirms a positive outlook.
Technically looks like the selling is over and building up for a up move.
Consider both for trading and regular income. Buy, Book half profit after it gives 20 - 30 % and hold half for regular income.
Note: - It may fall further, take decision based on your risk profile and time.