Smartinvestor : The mid-cap indices have outperformed the Sensex and the Nifty today. Do you think the mid-caps will continue to attract investors in the days ahead? What are the key Nifty levels you are tracking?
Ranak Merchant : With the kind of carnage mid cap stocks have been through, its seems quite likely that midcaps would outferform the benchmarks in the short term as a bounce from extreme oversold levels can be seen. As for Nifty 5721 poses to be a resistance above which a bounce till 5830 can be expected.
Smartinvestor : Are there any mid-cap stocks that can be bought from a near-term perspective?
Ranak Merchant : Exide inds for 142, Ibrealty for 62, Ivrcl Ltd for an extended target of 26.
Smartinvestor : Sterlite Industries has gained ground post today's Supreme Court verdict. How does the counter stack up on technical parameters? Can one BUY at the current levels? What about Hindalco and Sesa Goa?
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