Bulls made their mark!

As posted the move came from the techs that gained 5-10% and lot more to add once the move yield results. The trigger from the RBI’s decision to control the Rupee rise helped bulls the most needed support to take a retaliating move on the bourses.
The situation is in favour of bulls but the move is so steep that finds difficult to hold because the leaders moved fast in hurry. So this move helps the bulls to make the bears to cover the shorts but it is not a good sign to run the bull run. In other words bulls discharged from the hospital and participated in a sprint, which exhausts much energy. Any way the fact is a fact, so far so good and need of the hour is to see the Nifty trades above 4424-28 levels.
The condition holds good in case ICICI, HDFC, Bharti, RCOM, ITC and HUL take the charge to lead and the rest maintain the show.
The negative factors- metals weak, autos have trouble at the ignition point, capital goods are the sufferers of the RBI’s move and the teleco are breathing, SBI advanced far to add numbers to Nifty.