In spite of the best efforts by the Bulls at the opening, taking cues from the global surge, failed to absorb the selling pressure. As posted earlier the Nifty failed to cross the 5371-75 levels but could hold the bottom intact that suits for Bulls.
The retail investors are no more enthusiastic to invest even though the stock prices are at mouth-watering levels. The smart money is entering but very selective to support the stocks like- SAIL, techs-Inosys, Satyam and the pharma pack Sun, Cipla, Ranbaxy, Biocon (these were already suggested-read earlier posts.)
Wednesday, February 27, 2008
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