The Sensex has touched its 52-week high but the Midcap and Small cap Index has to cover some distance before the market gets ready for a dip, albeit within the range.
The market may be choppy in the coming few sessions and one should trade the midcaps carefully.The broad range as of now seems to be 5200 to 5350.
ASHOK LEYLAND has given a fresh breakout and can target 60-62. Buy with a stop loss of 55.
ESSAR SHIPPING can be bought on dips with a target of 100 for the month. The stop loss can be placed at 73.
Some midcaps which can give a 10% move are Repro India, MBL Infra and Everest Industries.
Have a great trading day,
Regards,
Rahul T.
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