Lack of conviction either side!

Neither the bulls nor the bears prepared to take a deep cut in opponent’s pockets. The RIL daylong traded below 1711 but did not trade below 1701, except for a dip to register low, Bharti traded above 821 and even touched 836, the SBI though traded below 1441 for a while but bounced back to trade above that level. The techs once again did the damage to the index as most of the heavy weights are trading below their support levels, exception is Satyam which has still potential to cross 481-483 level. The readers might have observed that the RCOM gave decent gains once it traded above 516 level, and the ICICI also traded above 947-49 level. The NTPC and STER failed to register good gains but the steam to move up is being built up.
The F&O expiry will bring lots of volatility in the coming two days and the Nifty may close below 4160 level unless it trades tomorrow above 4273 level.