Nifty finally broke the resistance levels yesterday and is looking towards another landmark 5500 to be breached. After staying put for some time Indian markets started decoupling from the global markets in the last few weeks.
Realty majors, Oil & Gas along with Reliance should contribute to this rally. It is really tough given the situation for a break away rally but nothing is impossible given India's branding across the globe.
Midcaps especially stocks like Bhagawati Banquets are running way above fundamentals. Unless there is any acquisition news flow it is better to stay away from such counters. And avoid any SMS or email circulation about these small cap junk stocks