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The sensex and nifty will remain range bounnd...

Sensex range at 12800 to 13800 ... breakout on either side can see fresh buy or sell signal..

Pharma stocks to be on fire anyday as i had written a couple of days back to add them ...

DR Reddy , Ranbaxy , Elder pharma , Suven Life and Cadilla healthcare look good on charts to me ...

IF we are to see fresh bullishness on the sensex it would be entirely due to pullbacks in refinery stocks like hpcl n bpcl n select pharma stocks...

For now keep a check on mid n small cap run in select counters some more 20% freezes in them ...

Regards,

Nooresh

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