Buy the out performers?

Stocks cannot advance in any market in a single direction from higher to even more, the beauty of the markets is people book profit at their satisfactory levels are reached other wise strong hands shake the market to see the wear holding sold at the lower prices so that they can garner the opportunity.
The fall could not shake the bottoms of IDFC, still trading above 126, Idea above 121, the IDBI can be accumulated up to 98 the best place bulls give full support. The Bhel recovery, L& T ABB & HDFC power to face the bears force and many good stocks advanced from their earlier levels- Kotak bank and SBI.
It is very common phenomenon that the retail investor book profit in those stocks that out perform the market and wait in the laggards even though the person understands the loss is looming/ stock is sleeping. I request the viewers to reverse the process even it is painful to book loss.
The world is mixed responding locally, now we are likely to move up as the scrips took reasonable support at the bottom. The RIL good above 1821, stop loss at 1803, SBI above 1603 stop loss at 1586, RCOM good above 536, stop loss at 530, Tata steel good above 639 stop loss at 632. The market moves up if Nifty crosses 4373 in the first half an hour, then 4426-29 can be reached.The mid caps like Moserbaer, Praj Ind and Punj lloyd will advance. The reality sector will find bargain buyers. Spice telecom and Idea are good for long-term bets.