Its short covering lead by banking sector.....
for nifty now the 2550 will be the exclusive support on closing basis
have a close look on ITC its showing some buying interest... at 160 strict stop loss..can go 20 to 25 % upmove from here...
For rpl 98 will be a good ressitace above which it may go above 100+ also but follow the resistance strictly on closing basis...
Bharti is good only above 610 on closing basis....otherwise its in bear grip...
DISCAIMER- ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY
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