What a performance from Indian markets!! My sympathies for anyone who has been caught short in such an explosive move upwards - especially with the markets not even pausing properly to catch their breath! Moves like this typically tend to turn extremely volatile before settling down a bit - so I wont recommend trading these markets with small stops for the time being. When in doubt - stand aside and let the markets do their stuff. Improbable as it may sound - my next big level for Nifty on EOD charts is around 6230-6240 range. There are supports all over the place - however - the first couple of big EOD supports are at 5920 and 5720.
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