The weakness of the market can be judged from the following factors. The index headed south right from the starting bell. There was an attempt at recovery towards the close, which was again aborted. Buy ACC with a stop loss at Rs 96. Buy ABB with a stop loss at Rs 221. Book profit on Amara Raja Batteries. It could slip to the Rs 76-Rs 71 range. Buy Asian Paints with a stop loss at Rs 226.90. This scrip is an FII favourite and you could gain uptil Rs 255. Stay away from Bharat Petro, it could slip to Rs 173. Cadbury looks firm but has a resistance at Rs 649. Square your transactions here.

Look for re-entry at Rs 605 levels.

Strange are the ways of the market. It is catching up with the Castrol scrip days after the oil prices had heated up! Target to buy Digital at Rs 418.

Glaxo has an undertone of bullishness but it has resistance shortly ahead at Rs 455. The fall of Global Tele gives one some clear clues. Above Rs 1261 it is a risky play, not worth the game. Technically it is not time to get in yet. Buy Hindalco with a stop loss at Rs 799. Buy MTNL. This is strongly recommended for funds and long term investors. Short sell Reckit with a stop loss on the upside. From Rs 301 it could come down to Rs 261. Your short should be preferably be close to Rs 308 or higher. Buy Reliance; it would make good sense both in the long and short term. Keep a stop loss at Rs 333.