As per previous day's trade markets crossed major resistance level by a big jump and nifty closed at 3211 +151 points. Nifty crossed major trend line of the entire bear phase. To break this once again a major event is required internationally. Every thing is positive as of now. FII data, F & O writings, nifty future open interest are all showing that markets will go up further. Let us see for the next resistance level 3450 zone. But, even if we see a correction it will be up to 3200 only. Global cues are all positive and no signs of easing the steam. Hence, go long in calls but nifty may not cross 3500 before it gets a considerable correction.
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