REACTIONS RUNNING THE MARKETS.

Nifty took support at 3920 , turned and recovered complete days loss to close in positive. As suggested yesteday that open to close was higher, we will open positive today and then chart the path for the coming days. There were many bearish calls during the weekend , wild levels being discussed, many may now be trapped in the shorts they created in last 2 days..the short covering too will take the markets further up. level to watch will be 4070 in support and further down 4016 , with resistance in range of 4160-70 (NF WATCH 4167) & further up in 4200-4220 zone. The bias is up for the day so trade accordingly..cheers