*NIFTY CONSOLIDATION WITH A NEGATIVE BIAS-
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*<http://3.bp.blogspot.com/_8LnBdQG2Sjs/S83ORqZpFxI/AAAAAAAABU8/kCz-N3z3v-s/s1600/NIFTY-1.png>
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Nifty EOD Chart 21 April 2010
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*

   - *The outcome of the Policy statement from Rbi lead to short covering in
   large cap bank stocks. While the markets did not manage to hold on to
   Initial gains Bank stocks did held on to a large part of there gains.*
   - *The policy statement does give much leeway to Infrastructure
   companies. Some of these companies might see a rerating in coming days.
   watch for large cap B.O.T companies.*
   - *Keep a watch on the 3G auction. As of yesterday there was an excess
   demand in only one circle named.........................*

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