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31 March, 2009

30-3-2009 trading shows that the markets corrected coolly to 4% fall nifty 2978 -131 points. Dow followed the same. FII data and F & O data shows melting of bulls build up in the open interest. Bulls gone out but no very strong build up by bears. Will it take 1 - 2 days or this is just a correction before further run up?. Our expected levels are holds good for our decision. Nifty, if bounces from 2880-2830 zone and crosses 2900 then expect run up else if nifty breaks 2800-2770 zone markets will corrects very deep.

Let us observe the trend as per F & O writings in a day or two.

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