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Quote on Morning market 17 August 2021 By Dr. V K Vijayakumar, Geojit Financial
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Below is quote on Morning market 17 August 2021 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"Market is slowly moving into a consolidation phase with strong support coming from large-caps. The current trend of large-cap outperformance is likely to continue in the very short- term. Presently there are no major global cues that can sway the market trend. But domestic cues like the sustained decline in Covid cases and economic activity returning back to normal are positives. At the present high market level, valuations are stretched and scary but there is enough momentum in the market to take the Nifty to 16700 level. It appears that the phase of easy money making is over. Day trading is likely to turn risky"
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