PROFIT TAKING

With market opening at 4303(below our september magic no. of 4304 remember), routine profit taking took place through out the day. Every dip was being bought as it seems many were short and are still trapped making 4200 a good support point for the day.some of the midcaps specially moser bayer really were flying all around and index majors just giving up gains slowly. hope all locked in their profits, as markets looked a bit overbought from morning..whats in store for the next few days, lets see tomorrow..enjoy the evening ..cheers.