Avoid All of those stocks which are positive today despite bad data, this shows that those stocks are inflated in terms of valuations & they should not be bought for long term.
This is irritating. If all the markets in the world has to take the same direction on a given day then why not have a single global market for the entire world.. is this the effect of globalization or just herd mentality? Take cues from asian market in the morning, then look at european markets in the afternoon and then wait for US markets...above all the Godfather FIIs in and out game..all of these looks very funny,..
RBI will wait for January IIP data which could be sharply higher, even as close as 7-10%. If January IIP lower than say 3-4%, then it is most likely that RBI will think of rate cut action may CRR cut or Repo rate cut.