New Delhi, May 5 -- Dear reader,

Last week, I wrote that there would be a tough tug-of-war between bulls and bears. The bull camp came up ahead of the bear camp, but by a narrow margin. Statistical data indicates bulls may be getting more aggressive in the coming week/s with a view to cornering bears into covering their short sales. I have written about "dual pressure" when bulls force bears to cover their short sales by buying back the stock; at the same time, bulls are keen buyers too. This dual buying results in sharp upward movements. And vice versa when bears squeeze the bulls. This attempt by bulls to trounce bears will be subject to no new surprise negative trigger emerging to play party pooper.

For their part, bulls need to buy ...