Rest is green, we close June!

The US bounced to positive and Asia trading green. The Patni ADR- 3%up.
The local markets likely to open positive with a gap of 20 points at Nifty above 4273 level. The RIL has to join the bulls party and shall trade above 1711-13 level and ONGC above 929-31 level to the markets trade above 4295-98 level, which is a constraint to cross in short-term. The Sensex likely to cross the all time high in July series, a long waited event. The steels likely to correct further and the GMR may take a breath for a while. The banks are fund thirsty and advancing up to garner much.
The RCOM strong above 515, weak below 508-06, Bharti good above 839-41 level and may drift lower below 831. The Tata steel may bounce back and close above 600 level and the techs may continue the up move. Satyam good above 469 stop loss 463, TCS good above 1141 stop loss 1129, Infty good above 1935 stop loss 1920 and Wipro is good for delivery if it trades above 515 and low above 509.
Top news- Govt sops to Sugar sector, Citi for Share khan- IDFC has stake, HDFC got 450 crs from stake sale in the BPO deal, RIL gas sale and row on price, Kesoram to Aditya group, Steel prices may drop in future by Rs 500-1000/-.

For today, personally consider Satyam and Wipro for long and short an banks.