What a recovery.....

Uffff!!!! What a recovery it was.......250 points on the Nifty.......Its not that we have not seen similar recoveries in the past......But today was so special because we GAPed down significantly, almost 5% down and was on the verge of making new lows for the year........We really showed great resillience and in the process covered the full GAP created in the morning.........Not only us, take a look at HangSeng.......from -1300 to flat closing.....Woh!!! Thats a cool 7.5% intraday pull back......

Now the big question....Can we propel ahead? Its anybody's guess......The Fed and some major banks like BOJ,ECB,etc decided to infuse 180 billion $ into the system.......Thats supposed to be a positive sign......But then, Morgan Stanley, Washington Mutual are also in some problems and looking for merger/takeover.......So, net net, the situation is still evenly poised.......

But historically it has been found that after some crashes, whenever there is too much of panic among investors and they tend to offload their holdings, markets take a U-turn and moves upwards......Whether same is possible here or not.....Only the coming week will say.......But their is always a chance to go downwards and make new bottoms......