It did exactly as expected. Good day for profit booking if you were on the short side, which I was ..there will be a recovery unless some very bad news comes about. Europe could open low but go up later.The nifty spot could see 290 or even above 300 if market improves.Axis bank will continue it's journey upwards. Banks will try and improve their positions.Sun T.v. is a buy now, As will zeel when it crosses 279.50 in spot.