Investors get ready for another dull day on the trading floor as the markets look tired at current levels. Expect the benchmark to trade within a band of 100 points for the second day in a row, as it is really getting tough to break the tie between the bulls and the bears
Select Midcap counter continued to rally even in a lacklustre market.Manaksia continued its magical journey and was locked in circuit for another day at Rs 91. Third rung counters like Sri Adhikari and Maxwell Ind showed some action. While traders favs like Jayaswal Neco and Rama Newsprint managed double digit gains. Adhunik Metaliks and Tata Elxsi showed great strength and good volume action on Monday.
Investors should stay partly invested for now and hold on to blue chips and cut exposure to speculative stocks. We believe that we might not see a deep cut in the market in the next few weeks or atleast till the year end. One might see some sort of correction in the first quarter of 2010. It is not going to be a smooth ride for the investors from here, as the tail winds from the economic bottom are still blowing fairly hard
Sbi buy in dips for this week