SHORTS CAUGHT

Market was ripe to catch the shorters, and it did despite all bearish calls , markets opened strong and kept trading up..reaching almost the target of 2850 zone..it closed at the top , lets see where it ends up in the next day or so..maybe goes down to retest bottoms or lower or moves up smartly surprising all..will look into technicals later and post tomorrow..enjoy the day....cheers...

WHAT NEXT NOW

Markets tested 2700 zone last 2 days ,failed to break that , so if we are not breaking that level we will head towards 2800-10 ,cross of which will take us to 2860-80 zone. It looks like a positive open to close is in offing today after the SATYAM fiasco day..(well we were quite overbought then & ripe to fall str8 down..)..trade the trend..cheers..