Firstcall India picks Accentia Tech, Sundaram Multi Pap

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Firstcall India picks Accentia Tech, Sundaram Multi Pap

VVLN Shastri of Firstcall India said that the markets will definitely remain in correction mode on account of the two major factors, namely the credit tightening signals and the mortgage write offs scenario happening in the US at this point and the nuclear discussions between the Indian government and the IAEA.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See what other experts are saying about markets See what FIIs are saying about the markets See what Udayan Mukherjee is saying about the markets BSE | NSE 01/01/70 Are Mutual Funds betting on ? Other Stocks in this news Sundaram Multi Pap |

VVLN Shastri of Firstcall India said that the markets will definitely remain in correction mode on account of the two major factors, namely the credit tightening signals and the mortgage write offs scenario happening in the US at this point and the nuclear discussions between the Indian government and the IAEA.

Shastri's two top midcap picks are Accentia Technologies and Sundaram Multi Pap .

Excerpts of CNBC-TV18's exclusive interview with VVLN Shastri:

Q: What's your sense on the sell off that we are seeing right now and what's the advice that you are giving to your clients?

A: I think the global cues are not that great at this point of time for the markets to pick up some kind of positive cues for any kind of fresh buying. FIIs have been remaining silent for a while and they have been watching for a clear direction on account of credit tightening signals from the US side and also the mortgage write offs scenario that is happening at this point in point in the US. These are the two things affecting the global sentiments at this point of time.

In this week we actually two days most importantly meant for the nuclear discussions. The discussions related outcomes are also creating some kind of pressure on the markets.

Both these two things put together, I think the market will definitely remain in correction mode.

Q: Well there are plenty of losers in today's markets, you have the fertilizer pack Chambal fertilizer being in case 10% down and WWIL heady rise and a sharp slight and 10%, Hotel Leela 8.5% less and Balrampur Chini 7% less give us an idea two stocks that you would definitely exit now, divest them and the two stocks that you would definitely buy at lower levels?

A: The two stocks that I would definitely buy at lower levels, one is