The Indian market's sharp recovery from last week's lows has been impressive. But CA Rudramurthy BV, MD of Vachana Investments, is pumping the brakes on fresh buying, not because he's turned bearish, but because the risk-reward simply doesn't add up anymore.
"After a 1,000-point move, buying fresh longs in the index right now is not a good risk-reward trade," he told ET Now. "I will wait for a dip and look at entry closer to 23,800."
