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Rohan Saha

Founder - Burn Inves... • 7h

The market seems to be returning to its basic movement, and geopolitical tensions are gradually easing. Today, the market has seen a good jump, driven by news of a trade deal between India and the USA. However, market valuations remain crucial, and it is wise to react accordingly at this time.

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After yesterday's rally, there is heavy profit booking going on in the market, and in my opinion, the market will remain mostly sideways this week, with some minor movement until the close.

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After such a heavy correction, small caps still seem a bit overvalued to me, although I'm not sure why. The Indian market needs a domestic push right now to give it an upward movement; otherwise, the market might remain sideways.

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