After 9 consecutive sessions of decline, market finally was able to close in green on Tuesday, thanks to some late hour buying. But the day did not go by without extreme volatility. Nifty’s final close was at 11222, up 0.66% or 73 points.

Except for IT, all other indices registered gain with PSU Banks & Pharma stocks clocking highest intraday rise.Most pharma stocks however are in a secular downtrend & today’s rally should be seen as mere relief rallies.

As the intermediate bullish trend has suffered a structural damage, it will take some time for the index to recover. However, stocks like Titan, ONGC are looking promising & they could potentially outperform the broader index in near future.