The market may see a flat start, but an early recovery is possible, says an NDTV Profit Poll.Slight selling is possible in the second half of the trade. Stocks to watch today are JP Associates , ICICI Bank and ION Exchange.

The market has opened slightly higher on Wednesday, in sync with global cues. The Sensex is currently trading at 19,628, up 99 points from the previous close. Nifty is at 5877, up 19 points.

Smallcaps and midcaps continue to put up a good show. The BSE Smallcap index is up over 2%, while the BSE Midcap index is up 1.5% currently. CNX Midcap index is also up 1.5%. Some of the major moves in the smallcaps space is from Apar Industries (up over 19%), Jindal South (up 10%) and PNB Gilts (up almost 10%).

Aegis Logistics has a good long term pattern on the charts, says Sandeep Wagle of Angel Broking, on NDTV Profit. If it breaks Rs 321 and closes above it, then in another 3-6 months it can go up to Rs 450-500, he adds. The stock is currently trading at Rs 317, up 5.6% on the BSE.