Active Bears Caught--Just a GAME of BULLS.
As seen for past three years when round of selling goes we start thinking like "THERE IS NO TOMORROW". Many people have shorted heavily even when market i.e. sensex was down by more then 200 points instead of buying. However people if think this as a huge correction should start booking profits as correction was something that we saw in May and not this with such reliefs. Even today one can buy A-grade stocks which are at discounts due to the fall we seen in last few days. However I doubt how many people would get any stocks in the morning at cheap rates like yesterday. My Intraday Buy list will follow soon. However I think we can see upper circuit being hit in some of the overran stocks like PSTL(Reco at 200/=), KS OIL(Reco at 167/= though can decline some more not to forget Goldman buying 320000 shares at 313/= few days ago.) and many others.
Regards,
Bhavin.