As we saw bulls have tremendous strength....now I think 3775/3800 is last point of this rally ...but I dont expect much down side.....if we colsolidate in between 3350/3650 for another month then i think journey towards 4200 possible but if we corrected up to 3350 / 3150 and then not crossing 3550 I think this will be the only typical bear market rally in 2009....means in remaining months of this year we will not see such a big rally....
For today resistance @ 3700/3775/3800....support @ 3632/3617/3540.....considering y'day's big upmove today think to go short with sl 3720/3750...for tgt 3600/3540 as a positional.....and for intra tgt of 3630/3620, with sl 3700...those who are positional trader can creat 50/60 % short @ /around 3670/3700 @ opening itself without any doubt......
good luck!
