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Below Quote On Morning Market 31 October 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services 

"Buy on dips is the strategy that has worked well in this highly volatile market. In spite of multiple crises, risks and uncertainties the market has been bouncing back smartly as evidenced by the 290 point rally in Nifty in the last two days. Globally, stock markets have refused to discount the West Asian crisis aggravating into a global catastrophe impacting  markets. Three signals from the market are significant: one, the dollar index is down 0.40 %; two, crude is down 3%; and three, safe haven buying in gold is limited. The takeaway from these market signals is that the market is climbing all walls of worries and a collapse triggered by  geopolitical events is unlikely.

But investors have to be cautious since this is the time of war and unexpected events may happen. Even while remaining cautious investors can slowly accumulate high quality large caps where safety is high. Financials are fairly valued."

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