Is short covering round the corner ?

Markets don't behave the way majority thinks and expects it to behave. When everybody talks about market getting further down  Mr Market don't follow their dictum.

We are purely Technical in the sense that we follow charts only and Nifty  did not close below 200 EMA.
As long as it remains above it bull market is intact. We will have bumpy ride ahead looking at global pictures but we may not tank down .

Jubilant Food has support at 250 and resistance is at 350

Tata Motor has support at 675 and resistance is at 760 .

ICICI bank can  also be looked  into.

Lets see how next week turns out to be but one thing is sure - any positive development on global front may result in short covering .