Post a very strong start of the week the frontline indices have been taking a breather for past two days, while the Nifty has given up around 1 percent of the gains which were registered during the first two days of the week, it still remains above the key support zone of 14,800-14,850.

With the strong breakout given above 14,950 at the start of the week, the bulls seemed to have regained the strength after a multi-week consolidation, however the throwback given on Wednesday and Friday amidst global volatility, the rally has once again started to look fragile, at least as long as 15,100 is not taken out once again.

Going ahead we would like to keep the view on the positive side till the time Nifty is holding above 14,800 levels and looking forward for the benchmark index to surpass 15,100 in the next week, above which a move towards 15,350-15,400 can also be expected.

Having said there is still a lot of fireworks going on in small and mid-cap stocks from cement, auto ancillary, fertilizers and capital goods space, where the Bull Run is very much intact and providing lot of opportunities for market participants.