Market has its own view, and sometimes it can be very puzzling. I am a follower of the market and hence I never argue with it. I accept that I completely misread the market yesterday, and to be honest, completely surprised and shocked with one way move. It happens – market is supreme – and it humbles you. It appears that market to everybody’s surprise is again climbing the wall of worry. This is a welcome sign.

Technically, Nifty has moved near 50 day moving average. On back of strong global cues, if market closes above 4367 - we can safely assume we are back in bull market once again. But I am not comfortable with the pattern market has formed on this breakout. The base formation is shallow and market can fall flat. Also, i never count on the move made on expiry day. That is why I would say despite breakout - it is still not clear what the stock market intends to do. We'll just have to wait to find out.