Does FEAR over come the hope?

As posted on Sunday, the markets took support at 4403, SBI crossed 1549 high and touched 1614+, RIL took support at 1839. The Rel.cap pierced the bottom support and ITC became weak, just above the good support level. The fear of holding the longs pared the earlier gains at the fag end of the session.
The Nifty support at 4391-93, next at 4347-43 level. The Nifty may trade above 4463 and likely to touch 4508-4511. In case Nifty fails trade above 4481 before 2 pm it is very likely that it could have Southward journey due to credit policy or fear to hold longs. The RIL shall resume up move and trade above 1866, ONGC above 901, Infy above 1991, TCS above 1153, Wipro above 501-03 levels to see the Nifty move above 4491 immediate resistance level.
The smaller banks likely to surge up, the telecom stocks are under pressure and see some correction before they move up. Ranbay is in the news so is other pharma companies. The ITC has to move up above 170 to see renewed up move, other wise simply exit.
Now the globe is green and looking other markets to participate in the heartening movement at the indices. The top news today is RBI view on monetary policy, very likely to continue the earlier one. The results-Hindalco, Tata Motors, Tulip, Bajaj Hindustan, Aurobindo, Birla corp., BEL and BRFL