Expect the benchmark index or the Sensex to trade in a band of nearly 1 percent with some upside momentum.

We have seen a deep correction in Realty and Metals sectors and these sectors likely to be under pressure even in today's morning trade. Tata Steel was a major loser among the NSE-50 stocks and there is some more room for correction in the coming days. We have recommended investors to do some 'short selling' in Unitech and this has worked well. The stock made a high of Rs.92 and reached an intra day low of Rs 82which coincided with our intra day target.

One sectors that looks healthy even in this chaotic scenario is healthcare. We like Fortis Healthcare on a pull back here as the might be reaping the benefits of growing hospital industry and also the consolidation. Wockhardt Hospitals is again in news, as the company sold its German unit and is also looking sell stake in its hospital business. This might bode well for Wockhardt in the long run.

We like the generic drug market, as this space is likely to attract great deal of interest in the coming days. Cipla Ltd, Reddy's and Aurobindo stand out in this space along with Sun Pharma. Investors who would like to play safe can look in to this sector as these stocks have been defensive plays in volatile market.ABG Shipyard, On Mobile Ltd, Berger Paints and GSS America might be the stocks in the midcap space to closely watch ahead of some key events