The markets look boring. The 200 DMA was tested on monday before it rebounded. The market on the face of it looks to be boring. But I get a feeling that this may be the calm before the storm. This phase of sideways movement is a good sign for the longer term. However a new set of stocks could be the next performers. Also the run up after the steep fall last year also was quite sharp, so for once may be we can agree with the technical analysts who say that the indices are filling up gaps.
By the way, I have dropped Tata communications from my radar. But Hind Lever is still enticing. But Rs. 220 levels seem to be just so much far though only a 10% lower from current levels.
As always keeping my eyes open. I think construction stocks and cyclicals should be avoided and also rate sensitives to be closely watched.