Bulls retreat.

BULLS had a good start in the initial hour of trading. But, bears were successful in restricting the bulls. Wednesday's trading activity witnessed a tug of war between bulls and bears with no one gaining control over the day's proceedings. The sentiment reading of the tradable counters remained bullish and is likely to continue if bulls prevail over Thursday's trading. Bear domination is likely to neutralise the sentiment reading.

Nifty futures recommendation: Bulls were in total control at the opening in the near month February contract. However, they were unable to retain the ground and gave way to bear pressure. The February contract closed lower with a loss of …