MIDCAPS TO OUTPERFORM

As expected, Insecticides outperformed the market and flared upto 190. Keep buying at every correction. However, Nifty could not touch 5300 so far. The market undertone is bullish and Nifty will touch 5300 shortly. I believe that mid caps should now outperform the large caps. Some good buys are Nagarjuna Construction, Mundra port, United Spirits and United Phosphorus.