POST MARKET REPORT 12-01-10

WELL,THTS THE INDIAN MARKET.EVERYTHING IS ROSEY AROUND & STILL DEVOID ITSELF FROM THE BULLISH FRAGRANCE.GOOD IIP NO. COUPLED WITH POSITIVE INFY RESULT DIDNT GIVE BOOST.SOME DAYS AGO I WROTE IN ONE OF THE POST MARKET REPORT ABOUT CORRECTION TOWARDS 5181 MARK & QUOTED THT IT IS HEALTHY FOR GOOD FOLLOW UP BOUNCE.CENT PERCENT DID THAT. WHAT TO SAY NOW? CORRECTION LASTS TILL WEAKER HAND WASHED OUT & THEN LONG POSITION FACILITATION WILL BE CREATED BY BIG BROTHERS.CORRECTION MAY DEEP DOWN TOWARDS 5175-5160.GOOD IF IT RETESTS THT MARK. IF DOW & ASIAN MARKETS CORRECTES TOMORROW,THEN WE MAY SEE SOME GAP DOWN OPENING OR ELSE U MAY SEE THE SAME ZIG-ZAG TREND WITH PRESSURE TO DOWNSIDE.IF OPENS GAP DOWN TOWARDS 5175-5181 BOLDLY GO LONG. WISH WELL FOR MARKET AS EVERYTHING IS SUPPORTIVE FOR SPRING BOUNCE.