Change of direction!

Sorry, havent been able to post for a long time, will try to rectify this.

Markets did a surprising U turn today. It was a perfect set up for a decline, with all indicators pointing for a breakdown, however todays move changed all that. I dont remember the last time, when indicators changed so quickly. It was a good case of bulls getting trapped and huge short-covering. Nifty futures from a discount, ended with a 10 point premium.

The moot point is that it would take a lot to break the markets, as each & every down move is faced with more wall of money coming in. With a promise of 8% gdp growth, the markets have more reasons to smile.