Among midcaps, Trent (Rs 3,342 crore) was the top stock bet of five prominent insurance companies. Indian Hotels, Federal Bank, Ashok Leyland and Bharat Forge (Rs 1,550-1,900 crore) were their other midcap bets.
The support at the lower end remains solid at 19245, serving as a barrier to prevent further declines. On the upper end, resistance is placed at 19425; a breach of this level might lead to a more dependable rally. Expect a range-bound trading unless a clear breakout occurs on either side.