Bulls back into ACTION.

Bulls regained strength near 40Day Moving Average Yesterday and sudden spurt visible in last 40mins .
Now today nifty breaking 11991 resistance in opening hour. 
Bulls now have enough strength to breakout 11990 resistance and close above 12000 levels.
Short covering rally likely to come in last hour of today trade. 
As today is weekly options expiry, we may see sharp moves in last hour.
Buy on Dips mode.
Avoid short selling.
Its time to cover short positions, means to exit short sell positions.
Regards,

Suryadev Bandari
Research Analyst

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