The upward trend in midcap stocks is arrested for the time being.
Short term picture looks weak. This is particularly so because
markets did not rally on yesterdays good news of Infy results
and IIP numbers.Yesterday's fall was on larger volumes,
indicating potential weakness.
Investors should avoid fresh long positions, but not yet
liquidate their holdings. Tight and strict stop losses are
advised as any falls could be sudden and sharp.
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