Tech, Power and Realty stocks gave up some gains from the previous sessions, while Auto's continued to gain as Tata Motors led the gainers in this sector. Banking and Metals might resume their uptrend in today's session.
Select midcaps continued to gain inspite of a lacklustre market. IG Petro gained for the second day in a row on decent volume. The stock gained 12 percent after a 20 percent move yesterday. We see some speculative build up in this stock. Glory Poly Films, PVR Ltd and Austral Coke were other midcaps that have seen some interesting moves.
We advise investors to concentrate on Midcap stocks as we do not see much room in large cap scrips. Core Projects, Bank of Rajasthan, Pitti Laminations and Excel Infoways are some of the stocks to watch out in today's trade