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We are in a buy-on-dips market. Be ready with buy orders in 17,500-17,400 zone: Rahul Sharma
The midcap and smallcap indices remain strong with risk or hot money still being present in the market, according to Rahul Sharma, Director at JM Financial Services. Sharma expects the market to head towards the 18,000-18,200 mark with a buy on dips strategy for the 17,500-17,400 range. Sharma advises taking profit after the rally in the pharmaceutical sector and to seek re-entry at a lower price.