Stocks Hemang Jani wants to buy or add on dips Hindalco among metals stocks and IT companies like Infosys, HCL Tech and even midcaps like MindTree or Persistent Systems are the ones where the strategist would like to participate ahead of the earnings season. Hemang Jani, Equity Strategist Senior Group VP, MOFSL, in conversation with ET NOW.In yesterday’s market, a lot of midcap and smallcap stocks got completely chopped. It is always a concern when stocks which are patronised by retail or HNI investors start falling so hard.We have seen such a big rally in the market and we have to reckon that there have not been any meaningful corrections on the way. Typically in a bull market backed by such a strong global liquidity and the earnings upgrade cycle, one may have to go through a corrective phase and it may be for multiple reasons. The retail participation is very strong in the midcap and small cap sectors. Sometimes because of the high beta nature and the kind of liquidity or depth or the lack of it, there might be some degree of surprise in the midcap and smallcap stocks.