Markets were flat today, the sensex rising by 7 points to 27815 and the NIFTY GOING DOWN BY 1 point to 8519. The markets seem to be in a overbought position and profit booking is probable. Investors have been making money on a continuous basis due to the rise in markets. When markets are good all the bad news is ignored and the good news is exaggarated. This is the reults season for 1st quarter and investors are awaiting the results to come out. Based on that fresh investments will be made. Banking sector barring PSU Banks will probably do well due to the spurt in Economic activity as finance is required for manufacturing and services. A lot of new issues have been successful and Investor appetite for fresh paper seems to be there. This is a very good sign signalling the return of retail investors into the market.  HAPPY TRADING AND INVESTING.