There are pockets of stocks and sectors which are leading the rally from the front and that itself should boost the market overall. In the last seven or eight days, there has been a structural rally shaping up into individual pockets into these stocks. You need more confirmation from stocks like Indiabulls Real Estate and DLF to call it a real estate bounce. It is one of the fewer PSU banking names which has shown consistent signs of volume patterns, even in the last two months and two weeks of this volatility and stability. It is hovering around 200-day moving average but the volume patterns and the price patterns are extremely attractive for JP Associates.

Source: Economic Times April 07, 2018 04:52 UTC