Stocks in Mumbai are set to hold on to their gains after a big day yesterday. We are witnessing a lot of interest in the Midcap space as investors are getting ready to place risky bets. Expect the benchmark index or the Sensex to gain more than 0.5 percent or nearly 100 points for the day
The Sensex has shown a good pattern all day yesterday gaining ground as the day progressed. Realty and Oil stocks stole the limelight with the sectoral indices gaining 2.6 percent and 2 percent respectively.Reliance Infra and DLF were among the notable gainers in the Realty space.
Midcaps are the sweet spot in the market, with lot of stocks showing great strength. Rohit Ferro is one stock that looks good as the stock has broken the Rs 50 mark and is looking explosive at the current market price of Rs 51.50.Our personal favorite Jubilant Food works has reached anew band now and Rs 390 is within the reach for the stock. Omintech Info, Omax Auto ans India Glycols are in strong hands from a short term perspective.AllCargo Logistics, Pipavav Shipyard look good from a short term trading perspective. We stock to the call we gave on HEG as we think that there is some more steam left in this scrip.