Markets closed flat only to start sliding further after hours despite of better numbers from the likes of Ebay, Starbux and Qualcomm. This clearly
indicates tiredness in the rally. Asian markets are trading weak today.
Indian markets continued to trade with a negative bias and we might see 1 or 2 big down sessions coming on the way. Midcap rally continue to
gain momentum with more stocks joining the party. We expect this to burst in 1-2 week time frame.
Realty and banking counters attracted much interest yesterday from punters after the rate hike. Brandhouse Retails gained 18 pct to Rs 56 levels nearing our
target given some time back...We like the space and we have another stock in the sector, getting ready to change gears.
There are two ways to play this midcap rally. One to trade jumping in and out and other way is to sit out. Again we remind May is ahead and
remain extremely cautious.