No follow-up to Fri's bounce: Will odds be out soon?

It was a flat close to a moderately choppy session on Dalal Street. Smart rallies in heavyweights like Bharti and HUL helped the Nifty claw back, after falling to as low as 5,500 in early session.

The 30-share BSE Sensex gained just 10 points, to close at 18,529 and the 50-share NSE Nifty ended flat at 5,551, down 0.35 points. Will the odds be out soon? Rahul Mohindar, viratechindia.com says that the market seems to be taking a pause and neither rash upmove nor a significant downside is likely. He warns that is a scary situation because some of these stocks had good support levels amongst the heavy weights.