Daily Big Picture – Lack of Positive Cues Drag Key Indices Down

Today’s action:

The major stock indices declined further today, widening the gap from their all-time highs. The Nifty Midcap index and Smallcap indices recover sharply.

Current Outlook:

●      Market environment conducive for new purchases, but remain selective.

●      Focus on fundamentally strong stocks breaking out of sound base patterns.

●      Stay disciplined and exercise sound buy and sell rules.

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