This reminds me of Robert Louis Stevenson, who said `Do not judge each day by the harvest you reap, but by the seeds you plant'. Those who chose to invest when the markets were at the pits have not onlyinsured themselves with an initial gain of 10 per cent upwards but have locked into future profits. The markets could see profit booking on the rise towards the 4030 level. But such reactions should offer opportunities once again for investors. The growing market confidence is also reflected in the number of advances. A total of 845 scrips advanced today against 298 declines; 148 scrips remained at the same level. At the BSE the ITC scrips attracted a high volume of Rs 144.34 crore. In technical terms, Rs 700 should not be difficult for the scrip if the market continues under fairly optimistic outlook for the entire market. Investors have again logged on to software scrips. Satyam has been lapped up in a hurry. With potential to move up atleast upto Rs 450, the scrip has already rewarded punters by over 20 per cent this week. It is no surprise that there was a volume of Rs 74.35 crore.

The most pleasant surprise for the day was Bajaj Auto, which posted a volume of Rs 35.84 crore in contrast to Rs 6.21 crorea day earlier! This certainly looks like big institutional buying, FII or other wise. But what is amusing is to see that this kind of buying did not come up when the scrip was moving up from the low of Rs 464 for the last seven sessions. Such are the vagaries of the investment game and whims of the players! Reliance continues to inch up slowly. This is but natural given the size of the company. But when HLL too follows the same trot, one can clearly get a clue of the investor's game plan. Buy in only sprightly scrips which can give you a quick gain.