The Nifty has gained about 17.7 per cent so far this year.
The stock has seen a steady build-up in open interest and is likely to gain 4-5 per cent more.
We are also looking for the Modi government to do more in terms of recapitalising the public sector banks.
"Steel demand outlook is also improving with the government's affordable housing program and likely start of an investment cycle by FY19," it said.
Insurance and renewables sectors will be among the key themes in the primary market
The Nifty IT index gained 2.3 per cent on Tuesday -its biggest one-day gain since November 25.
In the quarter ended March 2017, Titan reported a 7.4% increase in net profit.
RBI will hike rates only from H2 of next year. For next 12 months, rates are not going anywhere.
There is a need to be a little bit wary in the near term but I don't think market will correct 15-20%
Glenmark stock has corrected 26% in the past one month due to the poor March quarter results.
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