Yesterday markets recovered in last hour trades and closed high nifty at 3142 +98 pts. Huge build up in nifty future and FIIs were still long in futures. But in this cash markets FII & DII both sold??? Today all the markets are celebrating the US election eve and all are and will be in green. Our markets are nearing a strong resistance level ie., nifty 3200-3250. Stochastics is at over bought zone. FM efforts with the PSU banks are good and lending rates are to come down soon. But the problem of liquidity will persists. So this greenish light in the entire world may stay for this week. If markets crosses nifty above 3250, this month markets may not fall below 3000. Hence one has to go for puts at 3000 levels only Let us see what happens. FII & other DII selling was at low pace now and it may continue at any time.
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