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Below Quote On Morning Market 19 October 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services 

"The market is likely to move into a consolidation phase as the Christmas holidays and the New Year approach. A period of consolidation after the sharp run up of the last two weeks is also desirable since it will make the market healthy.
Instead of rushing to buy, investors can adopt a strategy of buy on dips. It would be risky to chase the overvalued mid and small caps which have run up too much, too fast, on retail investor exuberance. Investors can buy high quality large caps on dips. Another pocket of safety is PSU banks which are attractively valued.
The next bout of buying by institutions is likely to begin in the early days of the New Year."

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