Will the Nifty open above 4163 level?.

The clues from USA are more encouraging than expected in this short span. The Nasdaq and Dow recorded positive gains after a steep fall. So it is likely that Nifty on Monday could open with a positive gap and should close above 4191-93 which will wipe out the negative environment that created over the last 5 trading sessions. This time Sensex will have smooth run as the run up from techs, especially from Infosys. The Asian markets may also follow the big brother and the emerging markets out perform. In case the low of Nifty could not register above 4141, then there is some bear grip in the markets.

It seems the euphoria over ‘Nuclear’ (as of now No-clear) power generation has to wait for more than a year as things emerged now. So is the bullishness in BHEL, ABB, NTPC, REL, Tata Power, L&T and Punj Lloyd. Technically negative points worrying at this point were the weakness in Bharti, ICICI and Sail are trading far below their support levels along with cement and the auto sectors as a whole. The investors can start accumulating in Pharma and FMCG for a 50% rise with a time frame up to Sep-Oct-07. The stock specific levels on Monday.