The red spread across the world?.

The world indices are in red, so we can be no exception at least for this day.
The Nifty may not cross 4363-65 levels and may test 4291-93 as the volatility increased from yesterday. The low should below 4342 and it should trade below 4349 levels for the first half an hour to confirm the above condition. The major supporters like RIL shall not trade above 1714-15 level and low should below 1703, SBI shall not trade above 1553-56, low shall register below 1539, ICICI high shall not touch 1011-13, RCOM low shall register below 539.

The run-up in the autos may take a halt and the reality correction will continue. The UBS positive rating on Tata Steel will help it to stay above 608-09 levels and will advance further in future. The long-term del. holders shall prune their del. positions more than 50%, as already requested to off- load by 50%.