After a short recovery on wednesday and thursday all recovery goes into ruin on bad data came on friday.We are again at nifty 4100.One thing we should sure and have confidence that market is near to bottom.So if you have cash you can invest at this level.
Reason : US market are very corrected and they are at major support level.Their recovery at this point will move other emerging markets too.
Also,Although crude is pricing toward 150$ and indian inflation to 13 .But market already diluted this.Inflation cool down only after august as after good monsoon commodity price cool down.
One thing should take is that market will pull back fast.Market will take its own sweet time to come to 4500.But July end we will sure at 4600.
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