Can we neck out?

The global cues are flat, no big favour to either. So our markets exit the true colour of movement. The ADRs are in red, especially the tech group. So the movement in line with the global move with negative bias or can we emerge to neck out. The markets are creating a platform for slaughtering, but whether bulls or bears that dictate the terms are the question at this point in time. The Nifty shall not trade below 4121-4123 levels for a positive move. The RIL shall trade above 1681 level and it could bring long call and faith in the markets if it closes above 1701-03 and ONGC closes above 903.
For today, as the global cues are in favour of bears- so the heavy weights are weak when they trade below, RIL below 1673, ONGC below 881, SBI below 1306-08, Infy below 1981, RCOM 493, Bharti below 809-811.
Tata steel long above 598 and Sail above 135. The markets may move up or down but the FMCG group find buying support and cements also consolidate.Tata motors and M&M in news with new product launches and CAIRN with its exploration.