Short term trend remains weak for MAY 27, 2008

NIFTY and SENSEX did attract moderate intra- day support near 4865 and 16350 respectively. The market is still in the control of short term sellers. Hold short in NIFTY/SENSEX with stop loss above 4955 and 16530 respectively. NIFTY/SENSEX are likley to attract intra-day support in the range of 4810-4780 and 16220-16180 respectively. Avoid averaging loss making purchase positions. Stocks from BSE HEALTH CAREand IT sectors are likely to develop some fresh buying by short term traders near the current levels.