Hope u Enjoy nifty
Stocks in Mumbai might turn volatile after losing ground in the afternoon session yesterday. we expect some selling pressure in heavy weights and some speculative Midcap stocks. Expect the benchmark index to trade in a 100 point band for the day
Metal and Realty sectors were hit hard as there was some fund selling and profit booking in these counters. Metals stocks might continue to be under pressure for the second day in a row. Stay away from Tata Steel, Hindalco and Sterlite Ind in the current market.
It looks like the only safe haven after stellar numbers from Infosys. The sector is likely to outperform the broader market in the near term.Midcaps and Smallcap stocks which have been having great time in the past few months were hit hard yesterday and the trend might continue as some operators might abandon or dump some of their positions.
AMD Medplast, Tantia Constructions and Hitachi Home were some of the stocks that were active even in a falling market.GSS America, Excel Infoways, Balaji Tele and Finolex Ind are some of the stocks to watch out for in today's trade.