STRONG RESISTANCE AT NS 3648

Shorts got squeezed badly.... first time in history to have closed on upper circuit. Now S/R for this mkt is NF 4250-4280 where the shorts were covered after first circuit opening. For the market to have strength it should trade over NF 4470-4570 today. I personally was flat before the event and will let the exuberance settle down before taking any trade as the market is too overstretched.