YEARLY TOPS

Markets just about consolidated the whole day to suddenly surge and post the yearly high at 5197.90...(NF posting 5209.95)..Bulls have given everyone a cheer this christmas specially to the people who are still stuck in stocks & can use this opportunity to unwind as we rise..Markets are overbought after 2 days of unrelenting surge and will unwind soon..Again buy in dips should be the key..enjoy the long weekend cheers.

UPMOVE

Markets shrugged off the weakness near supports of 4930...& gave a spectacular ride to cross 5150 again ...What Next ???? Markets will try to consolidate in the 5100 plus range (short covering will cushion the falls)to try and breakout over tops of 5182 for 5250-5350 zone..Failure again could invite some serious unwinding..enjoy the day & the long weekend..cheers.