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The worst is priced in for now
The microcap 250 index today back tested it's breakout and bounces, the midcap index filled it's gap and bounced back don't panic guys ' kursi ki peti baandhlo maausam badalne wala hai'. I have been waiting for these gap fills and back tests to happen, don't sell in panic. Reason why I am bullish more than ever 1. Rbi increasing liquidity in the system 2. Nifty forming positive divergences 3. If we remove the top 10 high pe stocks and the bottom loss making ones our valuations are quite reasonable 4. India is still the fastest growing economy. 5. The worst budget is priced in, in case we get a budget which is okayish we will rally like anything 6. Astrologically nifty has usually changed majore trends on the planetary parade day. Please check the last four days, this year that day fell on a sat we most probably made a bottom on Monday on nifty. 7. If you see the accumulation data(delivery) percentages of stocks they have been mostly good Trading is a risky business, but according to my data and basic understanding the worst is behind us2
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