No shocks quite calm!

The world markets are faring well with positive bias and the trend likely to continue. In our markets it shows the movement paused and likely to drift in case techs failed to enthuse today. Focus on leading tech companies, as they are likely to be re-rated as TCS results positive, Infosys acquired BPO arm, Satyam got two big orders.
The Nifty is good above 4466-67, until it breaches that level maintain long. The Infosys is strong above 1935, stoploss 1920; TCS strong above 1129 stoploss at 1116-15; Satyam good above 483 stop-loss at 475. The RIL, RCOM, Tatasteel are on their previous levels. SBI good above 1603-01, Relcap good above 1176 weak below 1163. IDEA is good above 126 and IDFC above 129.
ONGC becomes weak if it fails to trade above 918 and RIL fail to trade above 1781. The ITC has some move and something cooking in this counter, likely to flare above 158.