Huge Longs were made in Nifty Futures (10% Addition)
Huge Longs were made in Bank Nifty Futures(20% Addition)
Since Bulls are with huge profits now there migh be some selling pressure near 12000 zone as they no loner would like to take risk.
Fresh Bears have capacity to hold on and any decline in market would encourage bears to cut their positions and buy back cost to cost which would support markets.
One More Important Note: FII Has created Longs and Retails have created huge short positions in Index futures . Do Not Come in Between Speeding Train or Bus.
Huge Money of FII is still to come, 12200 seems possible in next few days
Stock Specific Action could be seen.
HDFC ,HDFC Bank ,Kotak Bank ,Reliance,Larsen Could outperform.
Midcap Smallcap party should sustain.
WealthCreatures 