Though the markets are oversold and a relief rally may happen anytime soon, yet the sentiment is so negative that any positive trend will need some major trigger to be meaningful. Nevertheless, though there is no optimism in sight, yet investors are advised to hold on to their portfolios. Market may still manage to have a pullback rally over the next few days. Rally may be used to pare down exposures in all stocks which are not dependent solely on domestic consumption and where you do not wish to stay invested for more than one year.
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