Market has stayed flat for the last three trading sessions. Usually much calmness is followed by a strong move. If the move comes on the negative side then we expect the nifty to take support at around 100-150 points below the current level. When the general buoyancy in the market and interest is spreading to mid and small cap counters we do not expect a downward move bigger than 2-3 %. Either way good opportunities exist for buying, though at the present level majority of buying ideas would be beyond the index. However, if the indices do show some weakness after the current lull then dips should be used to accumulate quality large cap stocks.
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