With landmark judgement by Supreme court on 2 G spectrum,nifty just reacted by 50-60 points & brushed aside the impact in less than one hour.FII has perceived this as an opportunity to buy & acted to pour in about 1900 crores in our market on such eventful day.This amply demonstrates the the strength of underlying bullish undercurrent & proves again that in bull market all negative news are either ignored or just brushed aside in flash of eyelid.In fact we maintain out overtly bullish view as it has been asserted by yesterday’s price action.For the day we see 5230-5340 as the trading range, breach below 5230 will head for 5160-5180(low probability) & cross above 5340 will lead to 5380-5400(high probability).

 We recommend a buy on BHARTARTL at 385 with the stop of 372 for the target of 440-445 in next 15 working days.

We recommend a buy on GESHIP below 239 with the stop of 232 for the target of 265 in next 15 days.