CA Rudramurthy BV is bullish on the market but expects a correction. At the index level, he feels a correction of 5% to 10% and at mid and smallcap level a correction of 20% in general is very good for the market. He recommends selling REC and PFC, shorting FMCG stocks, and provides target prices for shorting REC and PFC in F&O. He advises waiting for lower levels to buy and emphasizes risk-reward ratio.
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