Fundamental
India's growth seems to be slowing down. IIP numbers came out (1.6%), which is much below the expected figure. It seems 7 consecutive Interest Rate hikes has started toll on growth. More scams, more money laundering and no growth, seems India is not shinning. Other places, it's great. US jobs data came very well, even Europe is showing signs of strenght. Japan is at high and Indonesia is shinning too.
Technical
Though I had thought market would consolidate, but break of 5,350 (Nifty) level, spiraled the Market down to 5177, but Market recovered some of the loss on Friday (1.6% Up). There are no signs of immediate recovery, atleast market could hold these level and at best move up till 5561 (Fib level:38.2% of recent fall). Some sectors are exclusively doing well (Auto, Pharma, Cement) so Bull vs Bear fight could be evident.
Stocks
Though I am still cautious on buying new stocks. Those looking for cheap stocks (value buying), could look into LT (since its fundamentals are v.good), TCS (avoid Infosys & Wipro), Biocon, Cairn look good.