Such an attitude from investors is surprising. But as I have said elsewhere, there seems to be an urgency prevailing of trying to cut down the commitment, and that too, with as much pocketing of profits. Or put it the other way, with minimising the loss.

That alone could explain why there was much profit-booking again, which brought prices back to Tuesday's starting levels. In such a turbulent market, perhaps it is better to wait rather than being in a hurry to trade.

Yet, today's trader's choice has zeroed in on Wockhardt. This scrip has been raising, and is way down from its peak of Rs 766. It bounced off the bottom at Rs 486, which is actually a support level. Since the scrip has risen briskly for two continuous day, you should wait a while to see if you can make a lower entry, possibly around Rs 553. Your risk is uptil Rs 486. But then you can average out your buys for the portfolio.