SHORT COVERING DAY

Markets went about discounting all weakness here and globally to rally to above 5000...cross of 4950 was the short covering signal ..Huge OI build up during the day of the PUTS abt. app. 78lacs and covering of app. 22 lacs calls shows the days Positive trade..The market is right now completely in bulls hands and RIL did the magic in last 2 hrs..(1802-2130)..So what next..hope all gains were booked today..Markets should have resistance at 5050 zone and supports now at 4950..enjoy the day cheers.