Traders should opt for the ‘sell on rise’ strategy, as the index has failed to instil confidence.

Supports are seen at 10,141 and then 10,100 levels, which is near to its 200 DEMA.

Several global financial services firms have since cut India’s weightage in scheme of things.

From 23.1% of equity AUM in July 2017, the share of banking dropped to 21% by January 2018.

Most of the stocks which were smallcaps then, have managed to become midcaps.

Government banks are staring at a potential mark-to-market loss of 200 billion rupees.

“If oil goes to $90-100, it will create negative sentiment towards India and is a near to medium-term risk.”

Order books of key construction companies have risen to about three times their revenue.