Aditya Arora advises caution in NBFC, midcap, smallcap, chemicals, power, F&O counters. Largecaps expected to outperform. Tata Chemicals shows weakness. Arora further says that one should wait for consolidation in NBFCs, Tata Group stocks as well as IIFL Finance. Recovery may be U-shaped rather than V-shaped. There is regulatory overhang with value emerging.
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