Except US, the RED is spreading?

The world markets favours red now and Asia is trading in Red. The Indian markets are in advance to take corrective steps. It is likely that the markets may open below 4467 support level and may continue to trade below. As we are in results season, stock specific action is not ruled out. As suggested no longs for a longer period in the name of LONG-TERM.
RIL is good above 1816 and may feel pressure below 1811 but good support at 1788-91 range. ONGC good above 903, use as a stop-loss for both sides. The SBI weak below 1591 and has support at 1563-61 level, RCOM may test 540-36 level, though there was some good news. Any day, Bharti is good for del. if it trades above 879, low above 873. SAIL has good support at 139-138 range. Rel. cap weak below 1183-85, become stoploss. UBS favourate, Tata Steel has support at 671-669 range. Keep an eye on ITC, Very good for long- term players who can apply KOI- Keep On Investing, in ITC to sell above 300 after 2 years. The pharma majors may move up once the Nifty stabilizes over 4381-83 level, and out perform in the next move. Those who are maintaining 50% del. in ZEEL can exit now and reenter at 301-306 range. Idea del. persons can wait and accumulate in case of a fall.