The Green is more, Volatility settled?

The World loves green after a weeklong massacre on the bourses. The stocks jumped over 1-2 percent with a positive note. The markets in India can see much needed support from the techs as the RBI measures to control the rise of rupee against dollar. Now raising money through ECB’s become more difficult to Indian industry.

So it is likely that the techs will be re-rated with 5-10% up, as experts say that rupee will touch 41-5-41.8 ranges in next 3 months. The Infy will cross 2020+, Satyam will cross 510+, Wipro above 535+ and TCS will cross 1225+, Mphasis above 320+ and Polaris above 128+ as the measures start yielding results. The good deals for Indian IT's will be announced soon, for now Wipro opening two centers in China and one in US, Infy, TCS and Satyam already announced such positive news to markets.

Yester day discussed conditions valid, and the teleco will do well Bharti good above 879 Idea above 126 and RCOM above 441. A word of caution the bear pressure may come to surface at 4485-89 ranges but for now so long Nifty trades above 4339 is safe to bull to maintain long.