Now long but how LONG?.

For today the long is good for the traders but the question is how long longs are valid in this market and that to at this critical time of political turmoil. No doubt INDIA opens for investment destination for the world but the hiccups has to be accepted.
The Nifty is likely to face resistance at 4332-35 level and at 4390-4385 levels as the things stands for now.
The left has gone far more distance than they can come easily to save their face. Now Cong. has to accept the responsibility to save them. Both parties know that they are sailing in the same boat but seats are placed at far end. So any damage from this situation can sink them, but trying to draw attention but yield no concrete results.
The good picks for next 6 months can come only when Nifty trades above 4265 and low above 4239, until then buy and sell. The scrips also has to form good bottom- RIL trades above good supports level 1685, better if it could trade above 1773-71 level; Bharti has to trade above 821, low above 809; ONGC above 839 low above 821; RCOM has to trade above 521 and low above 506. The scrips were un-ethically battered during the previous 10 trading sessions. So it takes even 6-8 trading sessions before they come into a systematic movement.