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Book profits in PSUs, cap goods, realty, buy more of large caps: Goldilock's Gautam Shah moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
This is the time to be cautious. This is the time to be in the top 100, to be in top quality because I think not just India, I think global markets are under pressure. ....
But I think the focus is really going to move to the large caps from here. So the large caps can make up for the underperformance of the last couple of months is what the view is for the next few weeks. ....
This is a normal correction; 19,300 has held out well in the last two weeks. If this number were to break, you might see an attempt into that 18,900-19,000 zone, says Gautam Shah, Founder and Chief Strategist at Goldilocks Premium ....
So, I think this is a very normal correction which took place from that euphoric round number of 20,000. It just keeps happening all the time. And somewhere in this 19300-19500 area, the market has a lot of support. I do think that we will stabilise somewhere here and possibly turn around. And everyone seems to be talking about this news flow from the US. ....