Chart Check:

[Excerpts of my morning mail to the Paid Groups]

Yesterday, the market went for a breather after the spectacular up-move in the last few trading sessions. Eventually the day ended with modest losses amidst noticeable strength in the Midcaps and Small/Micro Caps. Another day of lateral consolidation is on the cards. In case of Nifty, 4415-4435 seems to be a strong support...........The current picture is suggestive of a strong rally to 5000 or above in the short to medium term. The bullish outlook stands intact as longs as the Nifty sustains above the XXXX mark.

The investors are suggested to accumulate XL Telecom and Energy Ltd and Sicagen India Ltd just before the results......