The market is back into the negative terrain after a record run up on Friday.

However, you can take advantage of this fall, as experts suggest certain midcaps, which can be picked up at this point.

Experts find midcaps more promising at this point, since these can graduate to largecaps and give better gains.

Ajay Srivastava of Dimensions Consulting says, "We are trying to advise our investors to remain calm. There is no point in saying let us get out of midcaps and enter frontliners; that is not the answer.

"A lot of midcaps have tremendous value and they will give return compared to the mainline stocks. If one is looking at 30-40 per cent return that is not going to come from mainline stocks it is going to come from midcap stocks on a larger portfolio."

He adds that quality midcaps that will graduate to frontliners are a better story to hold than just pure mainlines.

Srivastava's picks include; Kirloskar Oil Company, Indiabulls [Get Quote], Simplex Concrete and Crisil.

He says, "My first pick ofcourse is Kirloskar Oil, the second is Indiabulls it went down to Rs 155 levels. The third company that we have picked up is Simplex Concrete Piles (Simplex Infrastructures [Get Quote]) in the construction sector, and the fourth one is Crisil."

Technical analyst, V K Sharma is also bullish on Indiabulls.

Sensex Rise and Fall: Complete Coverage

Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Investments Discussion Group

For more on markets & business, log on to www.moneycontrol.com