Global recovery is happening sporadically and slowly, even with periodic recovery reversals, but it is happening no doubt. Indian economy (production and consumption) is on a strong footing. However, the current global cues are extremely negative, although I believe it is more to do with sentiments than real pressing causes of concern.
Therefore, my request that please trade or invest with utmost caution on Aug 12 and Aug 13. I have given a number of buy calls on Aug 10 and Aug 11, buy them only on dips and only towards the market closing hours, after 3:15 pm. If heavy selling is witnessed in the broader market, avoid picking anything and wait for market to stabilize.
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