Now that markets took support at nifty 3200 and reversed from there because of our regulator's struggle. International markets were also in the same position. But, yesterday also our FII sold stocks in cash though they bought in F & O. Nifty future is in huge premium and also reduced O I a good sign for markets raise. OK . Huge rally in DOW, and in other international markets gives hope that this rise may not be for one day or two. Let us wait and watch whether our FII will stop selling in cash markets. Our action is that as per retracement levels our markets will go up. Just see the chart for levels for nifty & sensex. One can buy calls treating the 61% level as target at first. Latter we will study and decide.
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