Another record breaking day at the bourses. The sensex surged ahead ahead over a 100 points. Closing at 8284, up 94 points.
I think its time to look for some trades on the downside. Better to bet against the sentiment. Then get carried away by the optimism. Some correction is due soon.
Today we had the old war horses leading the rally. The old favorites Gujarat Ambuja Cements( up 3.6%), the surprise HLL(up 2.6% ). We will cover HLL more in the future as it might be at a turning point after 5 long years of bearishness. And TISCO ( up 2.2%).
Lets see if we find some trades for tomorrow.
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