Friday, March 27, 2009

Midcaps to lead the rally, Sensex to move sideways

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Havells Indis and Crompton Greaves were major gainers in yesterdays move. Banks are likely to correct after a huge move in the past 2 weeks.

Book profits in banks from short term view. We advice investors to stay outside the market as we might see some correction in the near future.

Also, stay away from speculative midcaps there is a strong possibility of the operators dumping their positions at higher levels, if things get worsened. As mentioned in our review yesterday,

Realty stocks corrected quite a bit and might stay sideways for the next few sessions.

Expect the Sensex to be flat with some action in selective midcaps with speculative interest. Lanco Infra, Deccan Chronicle, Aban Offshore and Orchid Chemicals have shown some sparks and might repeat their performance today