After a nice big rally today the sensex crossed the 9300 mark but then wobbled around the whole day before closing around the lows of 9242.
A day when heavy weight shed some of their weight, the losers included Infosy, Reliance, ONGC, Reliance Energy, Tata Motors, GA Cem, BHEL, Wipro, Satyam. As you can see the list includes almost all the top counters.
Inspite of the general trend some stock which we had long calls on held on to their gains. These included Tata Steel, ITC, Canara Bank, Hindalco, Ashok Leyland and our latest IDBI.
Lets see which way the markets go tomorrow. Nothing to get bearish yet. We maintain a bullish bias unless things change drastically.
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