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Banking might correct today as the move has been vertical in banking related stocks for the past few sessions. We advice medium term investors to hold these stocks as there is still some room for these stocks after a small correction. ICICI Bank remains our favorite and is a good short term bet after a slight correction today.
Metals looked weak yesterday will some selling pressure in stocks like Hindalco. But we see this sector outperforming other sectors and a position in quality metal stocks is advisable.
As expected the stock of Gokaldas Exports scored a hattrick as the stock was locked in 20% circuit for the third consecutive day. We have seen some second and even third rung companies have started moving higher and it is advisable for investors to book profits and gte out of these stocks.
Stocks like Archies Ltd, Prithvi Info, Energy Development, Austral Coke are some of the stocks where one could look to exit on rallies.