The scrip is now finding it impossible to breach the Rs 113 mark. On Monday, it opened at Rs 100 and closed at Rs 105. It would be rather unwise to wait for it to move up further in the next few sessions. The daily stochastics has indicated a sell. The RSI (Relative Strength Index) is in the overbought region.

It would be prudent to book profits now. But as the scrip has received good speculative support, take your profit at the upper end. Monday's market rise has been influenced by sharp recovery in other markets in south east Asia. Kuala Lampur has recorded spectacular gains. Politically connected stocks rose. The market is rising because the interest rates are likely to come down and also stocks were trading below their asset value.

In Korea, there are many restrictions still on to counter speculative attacks. The Hang Seng surged 8per cent, with introduction of monetary measures. Hong Kong's economy is still grim. And the currency dilemma is yet to be resolved. In short though these markets have shot up more due to speculation than change in fundamental perception.

The Sensex is now looking at the target of 3252. But considering the robust rise on Monday, certain amount of profit booking is most likely on Tuesday. ACC has only made a modest gain and could therefore move up further. Colgate has now entered positive territory. HLL continues to be weak, as is Nestle. Glaxo joins its ranks. IPCL has made a bold stride further, but is bound to invite profit booking. The surge in SBI is most impressive. It not only opened with a gap but posted a hefty gain to close at Rs 202. Volume has shot up from Rs 57 crore to Rs 139 crore. ICICI has broken upwards and long term investors should consider buying. ITC is week and could shed its fat. Reliance has stuck to the upper region but could not make further progress. It could invite profit bookingfrom short traders. There has been volume play at the Sail counter. BHEL could not advance much considering the good rise of the previous day.

Overall, you need to take into account the possibility of profit booking emerging on Tuesday, on account of the strident rise on Monday as well as week end considerations at NSE.