Falling inflation helped SENSEX to close above 10000 mark. Yet it is not the return of a bull market. Today we have negative cues from the world markets and another day down on the DOW would develop cold feet among the bulls. However, it would also be risky to go short at this juncture because there seem to be a couple of sessions of short covering remaining until expiry. On the other hand there wasn't any drastic cut in our corporates' advance tax numbers. But the mood would be set by the economic data in the U.S. before Christmas and the movement of DOW which seems to have started trending down.