POST MARKET REPORT(16-02-10)

SHORT COVERING ABOVE MONDAY HIGH OF 4845 LEADS TO SHARP UPMOVE,BUT AS IT WAS OF LAST MINUTE BOUNCE & GENERALLY NOT RELIABLE.THOUGH,GOOD BULISH SIGN FOR NEXT UPMOVE IS NOT RULED OUT CONDITIONED TO HAVE STRONG DOW & BULLISH ASIAN GROUP MARKETS WHAICH CAN DECISIVELY TAKE IT ABOVE 4900 TILL 4939-4949.4880 PIVOTA LEVEL SHOULD BE SUSTAINED.NOWADAYS WE SEE NIFTY TRADE IN OTHER DIRECTION AFTER BULLISH SIGN,SO BE CAUTIOUS IN TRADING.4845 A STRONG SUPPORT LEVEL SHOULD BE SUSTAINED,OTHERWISE FRESH SHORT WILL BE INITIATED.LOOK LIKE MARKET MAY PUSH TOWARDS 4900+ ZONE WITH THE WAY IT SHOWS ITS INTRADAY STRENGTH.HOPE FOR THE BULL MOVE.