Midcaps set to extend gains

Tuesday morning's premarket set up looks quite good for three-four reasons. One is that the global cues are good, two you are not expecting anything big negative out of the policy and three is that there is a decent buying that you are seeing from foreign institutional investors (FIIs) especially in the F&O market. Even on the cash market, don't go by that large sell number. That is concealing more than it is revealing.