The spread of green…

The world markets are in green and could spread it’s color to India. The carry forward effect can be seen in the markets world over. The Nifty should open above 4251 and shall not break 4106 at the lower level to test new high once again. As the earlier posts suggests a view that no longs for longer periods until Nifty builds its bottom strong. The Nifty should trade above 4200 up to Thursday so that the shorts can be absorbed comfortably. The RIL and ONGC could add strength if they trade above 1721 and 928. To day techs could advance in the morning and profit booking cannot be ruled at the end of the day.