Sudarshan Sukhani of s2analystics.com told CNBC-TV18, "I think there will be a lot of selling in midcaps on the charts as we go by the next few days. Mcleod Russel, after a big rally has faultered. It is already in a strong downtrend and given up all its earlier gains. It tell us that there is something going on which is not liked by the markets, lower levels seem to be coming." "Mindtree has been in a downtrend as well. Even when the IT stocks were going up, when the market was cheerful, Mindtree was not participating. These are relatively weak stocks and will be the first to be hurt, so as to say if the Nifty decides to take a breather. So, both are short sells," he said."In this market, some of the stocks will either stabilise, remain stable or actually do well if the high beta stocks come down. NTPC qualifies in that group. For a long-term investor, it is a good buying opportunity and for a short-term trader, it is possible that a rush into defensives could see it go higher."
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