REVERSAL OF OVERSOLD

Markets were oversold deeply by close yesterday and just about unwinded its oversold positions by covering the whole fall of yesterday..Well this is what markets are all about..just about jerked all, forced losses ,gave margin calls , and then absorbed all the morning feed & moved back towards 4670 zone , crossing it with a little hiccup to move back towards 4750 zone above which 4850 zone will give resistance..OI in 4600 puts kept increasing as the day progressed telling us of the strong support of 4600 .. and to go long thereon for the day as Calls were dropping OI fast...Hope friends would have taken the cue in the morning and made money in any/everystock /Nifty today..we were oversold..cheers.