MARKET MANTRA:

The markets might have made a PERMANENT BOTTOM, which needs to be confirmed with the next few trading sessions. I think for this market 5700 is the bottom and twice we did not break it......On last Friday, the Nifty took support at 5720 and went to 5850 within first 2 hours of trade. For the next three hours it traded between the level of 5800 and 5850 and finally rallied to 5865 during last hour of trade. The rally was sharp and swift. Today we are already watching a range bound market. 

Hence now the money is to be made in the small and mid cap counters which already have some story to tell: Valecha Engineering (Rs.117), Bartronics Ltd (Rs.77), Reliance Media Works (Rs.205), Punj Lloyd Ltd (Rs.105), Balasore Alloys (Rs.24.5), Kohinoor Broadcasting Corp (Rs.2.14), Jupiter Bio Science Ltd (Rs.67), Energy Development (Rs.46), Northgate Tech (Rs.17), Prajay Engineers Syndicate (Rs.16.5) and so on....

The market continues get support at 5700 level where buying interest is seen  by the bulls.