Nifty Upmove Sharp and completely unexpected

The recent upmoves of Nifty, have caught me completely offguard. . . infact our markets have quite outperformed the world markets. . . the upmove has been surprising but now important thing to note is that we have now tested 2550 and it has held up quite nicely. . . infact this time it did not even reach there, it came back from 2650 abouts. . . I also got stuck with shorts in this upmove :( 

 

now that the upmove might start with nifty holding for a couple of days. . . its time to take stock. . . currently I am not fully convinced with the upmove hence I would stay on the sidelines or at best take positions in cash markets . . . its best to sit out when you are not fully convinced . . . lets see how the markets behave next week . . . 

 

As of now no directional calls from my side.