Market looks tired to me, the large cap space; I was just speaking to a friend that NIFTY should not be too far away from 5800 at present, when it started dipping from 5870 to 5850.
Not the mid cap or small cap. They did not fully participate in the recent rally of SENSEX and NIFTY. Stock specific buying is still applicable, but exercise caution and wait for dips before buying further.
Every time small investors get trapped at the end of a short and long rally. So even if you friends and colleagues are urging you to be buying on some 'tips', please let the market settle down first.
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