Market sentiment and trend have decisively turned negative. FII selling still continues and any pull back from here will be met by stiff selling pressure. Indices are likely to open higher today and we might witness an uptrend for a couple of trading sessions on the back of value based stock picking and short covering. This positivity may not last very long and will be best used for reducing exposures by short term investors and creating short positions by traders. For long term investors great value buying opportunities are emerging.
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