View remains quite cautious on the markets. We had witnessed good amount of buying in sectors like Banking (up by 6%), CG (up by 5.90%) and reality (up by 4.95%).  It is believed that the Congress Party’s move of pulling the plug on the Left, would only strengthen the UPA alliance at a time when nation is undergoing economically one of the most difficult and challenging periods at the same time it seems Samajwadi Party’s would support the UPA which can result in some positive moves for the markets in coming days. Strategy should be to avoid going short for time being as any positive moves can result into trigger of stop loss. Few stocks in which our stop loss has been trigger because of pull back are Axis Bank, Punj Lloyd and JP Associates. Our bias is still negative