SHORT COVERING

The settlement day went in favour of the bulls , markets surged beyond 4930 towards the previous highs..Global cues are positive and we pass over the last high towards 5050-80 zone where some supply can come..do BOOK LONGS today which were bought in the PANIC DIP OF TUESDAY..4930-60 would provide support in coming days to the bulls and only below it will weakness be there ..trade accordingly..enjoy the day & weekend ..cheers