Nifty has support around 22,200 and banking index support is near 47,800. The market shows significant corrections with FIIs lacking buying interest. Coal India and ONGC are suggested buys, while IndusInd Bank is recommended for selling. Overall, caution and selectivity are advised.
Small and midcaps rebound not driven by fundamentals, but surplus cash: S Naren
You have to see FMCG sector doing well. You have to see two-wheeler sector doing much better. You have to see the entry-level car markets