==>> Sensex closed above 10000 levels, after 2 months

Markets continued its rally lead by banking counter zooming around. Sensex for the first time since 6th Jan 2009, closed above 10000 levels. Intraday touched the high of 10061. Nifty also tested 3100 levels, but close below at 3082 levels. Sensex and Nifty surged nearly 3.5%. Volumes were also very good today as compared to the other days. Nifty cash volumes was at Rs15,500 Cr. As the last day of the F&O Expiry, volumes in the F&O counter was also high at Rs.77,000 Cr. Bse cash volumes was at Rs. 4650Cr. Finally Akruti cracked down as today was the last day for it to be in the F&O segment. The script will be in T2T segment from tomorrow onwards. In the opening session Akruti share opened higher and made a high of 1948, but immediately slided in the negative zone. Rest of the day the counter remained in the negative zone. Most the day the difference in the price in the both the Exchange was nearly Rs 200-Rs250. In the end the difference vanished and the stock as mentioned tumbled nearly 55% to close at 819.4 after making a low of 700 in NSE.

In the last 3-4 blogs I have been contiosly writting that the Nifty chart shows a breakout, and it has the potential to go till 2970-3050-3125 -3240. Nifty has a big resistance at 3125-3150 levels. In the chart we can see that the Nifty will face resistance at the 2nd trendline. Markets have rallied nearly 20% from the recent low. RSI is nearing its oversold zone.

Inflation for the week is nearly at zero percent, it came at 0.27% v/s 0.44%. India has never witnessed this before. Yesterday I have given Buy call on

BUY GVK POWER FOR DEL FOR 1-2 MONTH TGT 35-40.
BUY DCB FOR SHORT TERM DEL CMP 18.85.
BUY SUZLON FOR SHORT TERM TRADING CMP 45.