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GDP data will be released on Aug 31, 2020 at 5:30 pm (After the market is CLOSED). Almost all the experts are downplaying the impact of this data on Stock Market. However, It is not correct. Q1 no’s will show the real impact of pandemic on Indian Economy. As per the consensus estimate, economy is expected to shrink around 18.3% on y-o-y basis. Market will remain HIGHLY Volatile & can take unexpected sharp MOVES. Personally, I will stay away from the market for next 2 days. Capital Protection is very important.
Disclaimer: No Suggestion..No Recommendation..Consult your Financial Advisor and trade at own RISK.
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