dhanvarshagrp (3/25/2011 8:59:00 AM): to breach levels by gap up or down is not a healthy sign...but move is move and is sufficient to increase pain in shorters ...
dhanvarshagrp (3/25/2011 9:10:17 AM): nifty spot set to open at 5588.65,,, 1 % up frm last close
dhanvarshagrp (3/25/2011 9:11:08 AM): this high open will attract heavy sell off
but market closed at 5654 more and more up ....
reasons
short covering by trader
some fresh positions
many stocks shown sell off and started southward journey as expected ...please have a look
Market attempts to fill gaps ...see in RCOM
Nifty rallied after making 2 gaps in up move expecting gap filling in next week
Possible weekly Nifty range 5370 >><<<5725
