SURPRISE RALLY

After showing a reversal a day before, market surprised everybody by overcoming all resistances , forcing short covering and closing at the top of day . Trend last few days had one been one day up and one day down with higher lows and higher tops. Looking at the figures of yesterday, neither FII's nor DII's were buyers , then who is buying ...... Today looks like a rest day with resistance at NF 3120 - 3165 and pivot as NF 3033-3011. Bullishness over NF 3120 and Bearish break out below 2988. Daily charts are going into overbought zone.