Nov 30, 2016 08:20 AM IST | Source: Moneycontrol.com

Focus on auto and consumption stocks

The dollar index is lower today, so chances are that today could be a good day again for individual stocks. I think you have to focus on the near-term leadership stocks, which is autos.

More of the same could be expected today, which is that index does not do too well. It flatters to deceive. It is at an important zone between the 200-day moving average (DMA) and the 20-DMA, 8,150 to 8,250 beautiful range for the market but at the same time, it is also telling you that if that range holds and if the market has support at lower levels, midcaps do well.

The dollar index is lower today, so chances are that today could be a good day again for individual stocks. I think you have to focus on the near-term leadership stocks, which is autos.

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