Market sentiment is extremely negative and no support seems to be holding out. On the positive side, the macro economic picture looks fine and political uncertainty also seems to be ending. Hence a temporary bottom to be made soon. Traders can start creating fresh longs at the current position with an appropriate stop loss and investors can also start nibbling into stocks at the current levels. Infra, banking and capital goods stocks look the best for cherry picking. Given the damage already done a reversal is not going to take place anytime soon. Hence buying may be done in a staggered way. Also any rally from here may provide investors with a shorting opportunity as well.
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