Caution Adviced

When market is raising, we flock to market and buy the over valued stocks and in depressed condition we sell at loss. If the reason for the yesterdays 700 points raise is due to 'DLF buy back", then market will fall flat in next few days. But for the sure I think 4000 -4500 (Nifty) is the reasonable range. For any reason Nifty falls below 3750, you can go for buying Nifty Calls and Nifty stocks for very quick profits. But if Mulayam's S.P splits or BJP forces a 'No Confidence Motion"' then the market may nose dive to 3500 mark. Buy ITC, 3i Infotech, Polaris, Dena Bank, ICICI Bank, IFCI, Cairn India, RPL, Reliance Capital and RCOM for longtem gain. Buy in very small lots.

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