Market Comments -Bulls have upper hand

Markets closed around 4400 as the global cues were positive and short covering also helped in closing above 4400. US Markets are still nervous and uncertain about Fed cutting interest rates as economic data is causing a bit of concern. It will take time before US Markets become stable. Till then we will have the volatility continue but only specific stocks will move eventhough sensex may remain between 14 and 15 K depending on global cues.

You need to focus on stocks and then also use the opportunity to do some smart trading in this uncertain times. Those who are in F & O should buy calls when there are dips in markets which will help them make money with safety.

Markets should close in positive today and also lot of short covering should come as US markets will be closed and so the momentum today will continue on Monday also.