Mid-Session(03-01-2011)

All the global markets are welcoming 2011 with strong gains today morning. Asian markets are more than 1% up and Dow's futures is trading more than 60 points up therefore Indian markets opened gap up. Bull rally is on and according to its nature it corrects and consolidate at higher levels also. As sentiment is over heated today morning therefore cooling down in intraday correction is must for fresh long positions. Let market form minumum intraday base then buying should be considered.