Avoid panic selling. Market in panic mode. Likely to recover soon.
Market has retraced 2 months of up move. It had earlier happened in October-November 2016 and the market had recovered back swiftly.
Small cap and Mid cap have been hammered today and is in good accumulation zone for long term returns. Continue holding good fundamental stocks and also accumulate them.
Exit any technical calls and enter good fundamental stocks.
Nifty will find support at 10750-10800.
CNX Small cap will find support at 8000 and CNX mid cap will find support at 15500.
Avoid stocks that are pricing in the future returns.