NIFTY/SENSEX close to near term bottom for MAY28, 2008.

The trading activity on Tuesday,27th MAY 2008 generally remained in favor of sellers. NIFTY and SENSEX are near the minor term bottom and are not likely to move below 4805 and 16090 respectively. An upmove above 4902 in NIFTY and 16360 in SENSEX can trigger a minor rally lasting for 2-3 days. Stocks from HEALTH CARE, IT and TECK secors will gain further upward mometum. Cover short on, further declines, if any. Aggressive buying is , however, not recommended