Markets last week

Hi,
Contrary to popular views,Nifty surged sharply and gained 6.3% in the week.Now,thanks to the sharp recovery,the overall mood has turned bullish atleast for the short term and the gains/mood should be maintained on monday too for reflecting on the rest of the week.
Index heavyweight SBI posted numbers on the wrong side and below the market expectations but still moved contrary to market expectations and saw the return of momentum on its counter.
Another heavyweight Reliance Inds, underperformed the markets.Its prices are currently struggling with its 50 day moving average lying at 990.Wait for it to breach this level with heavy volumes before going long on it.
Cheers