As expected, there was a reflex bounce on BSE. But looking at the market monitor, there is not much conviction behind the rally. So chance of rally failure are highly likely unless we see follow through days in next 3 to 5 days. It is too early to say that market has bottomed out.
Stocks to watch
Tata power
Gwalior Chemicals
Jindal Drilling and Industries
Lupin Chemicals
Satyam Computer Service
Mastek
I-Flex
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