EUPHORIC NOW

The S/R 0f 3050 NF got breached yesterday on the upperside and the follow up today seems to turn the world markets into the party mode and the main trend which was UP, continues today too (SGX nifty around 3300). Time to book all profits today & maybe stay on the sidelines for a day or so as now the Markets will go in overbought /stretch mode. Be careful at these levels and wait for good dips to go long again.Strong resistance zone will be 3300-3350 area. Support will be there now in range of 3085-2950 zone below which will be 2780-2850.. People who panicked and sold at bottom or did not buy would surely be rueing along with sell on rise guys.I had commented on a Friends blog (LEE'S) that FORTUNE FAVOURS THE BRAVE......CHEERS