Midcaps are Blazing like fire when Large boyz are consolidating

Its another round of irrational exuberance or are we trying to break the ice with the help of midcap. No way I see data has bottomed out. The only issue is Speculative players has given an igntion to market. DO not chase handsome returns with am 3-4 day view also because one will definitely be stuck and the circuit story will not allow you to exit. It looks good that one makes profit on papers but can you actually expect this to continue. Three rallies and a downturn. We need to cross 3466 and beat the 200 DMA which is not a certainity. From all angles its a sure short play for shorting index because on upside you will have a tight stop loss and also strong resistance. History suggest that bulls try to exit before 200 DMA expecting other players to beak the ice and thus they have to attmpt twice or thrice . This is first significant attempt thus it will fail in all circumstance on downside I don see any reason to fall below 2720 either. Right now best way to stay in market is increase your SL for your invstment holdings and book profits on every rise.
One stock that will hog limelight is SIntex Industry its up on charts needs one strong move and can give 20% return from here on. Hold on Mid Cap IT, The satyam saga can extend to beaten down valuation of these players. Keep a strong watch on INFY mgmt guidance be4 trading into market. But I Don see next year guidance beyond 109 thus the stock is available at 14 times forward a PEG of 1 will mean the stock should at one point of time will see atleast 1282 on downside. Who knows if the result is better than poor expectaton the stock can rally to 1578 also in two or three days but tha flow should always be used as an exit. Even in uncertain times we have lot many small medium and large cap avilable at less than .5 book and PE of 6 max which is reasonable in financial prudence to survive the thunder of slowdown.