Auto Sector Move is pretty much done
Classic exhaustion signs in leading Auto stocks - TVS, Bajaj Auto, Tatamotors. Move to better sectors. Great results and sell off indicate one thing - mutual fund managers have been expecting good results and selling them right after results.
- Move to other sectors, mid cap names - leading stocks look exhausted
- Wait for another base to be formed - but stay away for now
- Do not attempt to short as we are still in a bull market
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