In comparison to the current fall Nifty is almost 5% higher from the breakout point.
We can expect some short term bottom in the Midcap and Small Cap Indices. But some stocks may continue to remain in painful zone so one needs to be very particular on sticking to quality stocks.
Some stocks which we like in this dip are – Godrej Inds,Bombay Burmah, Raymond at 360-380
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