Gap Up Opening - Market may touch 3800

Today market is expected to move past atleast 3750 largely due to short covering. Though Global cues are postive, this huge positive move is due to ICICI Bank's successful campaign against short sellers, Govt.'s PR initiatives and panic amoung short sellers. Traders are advised to take only intraday positions. Investors stay away. Today's trading picks includes ICICI Bank, NTPC, RCOM, Axix bank  and Moser Baer India Ltd. 
World financial market crisis is not over. Hence it is not the rigkt time to pick investment buys. Good Luck.
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