Long time no1 has added anything in this forum. Markets are still bullish achieved the target of 5300 in the month of march now I believe the next target on Nifty is 5480-5530 as lot of open interest is building on the 5600 call which suggests to me that a lot of call writing is happening at that level which in turn means we are not going to see that level this month. Also the DIIs would start buying now along with FIIs who should buy for another 15 days to 1 month before starting to book profits and DIIs will start taking the index higher. When FIIs started buying they have taken the market from 4700 to 5300 and now it is DIIs turn to buy as they have sold more than 12000 crores worth of stock in the past 1.5 month. Include this with retail participation of big firms due to the beginning of the new year. In short I m still bullish holding my longs and I believe the market still has enough steam to go higher. The down days have lower volumes than the up days which means more and more absorption. We have also underperformed the global markets in the past 2 weeks significantly which means we are coiling in for a breakout possibly up. a break of 5240 on closing basis which is this weeks low and I am out of all my longs but would need volumes to confirm the move. On 1st April the DIIs bought almost 500 crores worth of stock. FIIs havent been a net seller for over a 1.5 months which is a very bullish indication even on down days their net buying kept on rising. Hope people continue this thread. This is just my view any comments would be greatly appreciated. Good luck trading.