The long overdue relief rally finally started yesterday. As is the case with most bear markets the pull back rally was extremely sharp and strong. We can expect more upside in the very near term. However goining forward markets are likely to remain choppy on the back of global economic woes and possible further liquidity tightening by RBI. Use the rally to exit all stock of companies where the growth trajectory is not very certain or the leverage on the balance sheets is high and move into leadership stock enjoying good earnings momentum.
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