Fundamental
Fundamentals doesn't look good. Neither for India nor for other countries. India still having higher Inflation (even though growth has slightly come down, kind of like Stagflation situation). Downgrading of Japan by S&P, then US GDP not coming upto the mark and UK GDP contracting for the first time in decades is a lot of bad news to handle.
Technical
To continue discussion, as I had mentioned earlier, market not being able to hold 5700 had a bearish impact and market lost another 200 points (Nifty) and now trading at 5512. Worst part is looking at the charts, the Nifty has broken the lower Donchian Channel and looks to be going down further. FII are still pulling their money out and soon DIIs and Insurance Companies (who by the way have larger stops [or say pain threshold in traders words]) will start selling (and certainly taking some losses.)
Stocks
No stock recommendation till market shows signs of improvement, but I kind of like Titan (since it hasn't shown the weakness seen in the broader market). Most of my positions are now either in Red or at break-even and I think i will also have to join the DII and cause the market to slip further few points. ha ha ha.
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