in say fmcg and pharma rest of the sectors you can avoid for the time being et now since you talked about it let me come to that because we have seen most large earnings actually come out wipro was a bit of disappointment you are seeing the stock already down 4 per cent generally it is not really the case in muhurat session with any of the nifty names we have seen infy come out with a good performance but has not been replicated by an hcl or for that matter tcs with names actually already giving you so many returns how do you now make that fresh allocation what should be the deciding factor so to speak when it comes to the it names nirmal jain all the companies that we are seeing in it they perform in different sectors and different geographies different kind of client sets and different verticals so one has to be selective i would say that one should look at tech mahindra results and that can be one medium to longterm bet even stocks like tcs or wipro if they correct one should watch out because in fact maybe one quarter was not that good market is very bipolar at this point in time the event based reaction always happens so you can watch out but again it is one sector where you have to be very selective you have to be very stock specific but then if you look at a twothreeyear horizon then i would say it is a good hedge et now i know every year while you are hesitant to give out stock recommendations for obvious reasons you make it an exception on the diwali day you started off by giving us a large cap idea in tech mahindra now let us try and figure out what you guys as a house are recommending in the midcap space one top midcap recommendation from you and why do like it nirmal jain amongst midcap maybe instead of one name i can give you few more i mean twothree names that will be easier for you one is bajaj finance it is an nbfc that is doing very well performance has been extremely good and the sector also looks very promising then you can also look at stocks like motherson sumi in the auto ancillary sector or you can look at havells india amongst large cap or midcaps you can look at companies like hero honda maruti suzuki in auto or in cement you can look at jk lakshmi or even ultratech cement so i am giving you lots of names so that at least you can make a portfolio with this so these are the sectors and i have given you some top names and quality names one can build portfolio with these kind of stocks et now any last thoughts on how do you expect the next 12 months to be for the index at large and i am