Asian markets are up by approx 3% this morning due to this Fannie Mae and Freddie Mac news..

I think Indian market will also rally today too as it has one more news "India gets NSG waiver"

Should we get book profit today or still wait?

Cheers!

Markets may move up 4%-5% initially.

The previous top for the Nifty was around 4650.

Currently the 200 day EMA is around 4680.

4650-4700 will be the level to watch out in the coming days.

If markets struggle at those levels, close your short-term longs.

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