More importantly the stochastic indicator on the weekly charts has broken through the triggerline and has signalled to get back into the market for the medium and long term investors. The weekly RSI indicator is yet to confirm this signal. But judging by the way the market performed on Monday amidst global hotweather, one perhaps should start acting in anticipation rather than wait for this signal to come on. In other words, get acting on your investmentchoices.

The recovery of the market on Monday has been rather selective. Traders lost no time in booking profit at Bajaj Auto. The technical indicators are weak; but with Rs 627 as a support may be it will buoy. ACC is bullish. BHEL has gained, but the daily stochastic is still on the sell mode. It remains to be seen if it can advance further or if Tuesday week-end consideration would pull it down. Glaxo's recovery appears to be more due to short covering. Grasim could now move up. Gujarat Ambuja is stabilising.

HLL does not have much momentum. HPCL's rise is welcome, but given the gain over the last few sessions, profit booking, atleast partially, seems to be the right thing at the opening on Tuesday. Take it at the upper reaches though!

IDBI offers an average opportunity. Indian Hotel's recovery is fine, but it has moved over the hump. At ITC the daily technicals are in favour of booking profit. Same is the story at MTNL, but take your profit at the top end. At SAIL the daily stochastics indicate abuy. Telco has been essaying a horizontal path for quite some time now and nothing much to write home about. Tata Power has gone into overbought zone, book profit at the top end only.

Sensex's recovery has come from Gujarat Ambuja, HLL, ITC, MTNL and SAIL. The picture does not enthuse one for any great upside momentum for Tuesday. On the converse, the downside possibilities are minimal.