Indian benchmark Indices are likely to gap up on the back of positive overseas cues. Gadget leader Apple declared street beating numbers after market closed in the US boosting Asian tech stocks.
Indian markets are on a very dangerous wicket with lack of volumes and the much needed push to crack the ranged trade in the last one week. Though midcaps are doing extremely well, it is time a sector takes leadership and we believe Oil & Gas along with Reliance might lead the rally in the next leg. We are not sure and infact certain the rally might get delayed for a month or two. Investors can start picking up stocks delivering good numbers slowly
Only Below 5320 Bears enter the market