CHINA SUPPORT

Yesterday global markets were on the steam of stimulus package that was declared by China. A very good rise in Indian markets also. Nifty is at 3148 a +175 points. Very huge addition 13 lacks of nifty future at the end of the day trades. (A  -ve feeling  as the addition is at high levels). FII s were not on selling side. We have seen from US and Asian markets that the steam for today may not sustain. If markets open at high level one may book profits and if markets are in red one can buy 3000 put.