Move on U R own…

The markets are de-coupling to re-couple after US Fed meet. The US markets are on their top in spite of their Sub-Prime issue. The question at this hour is "How can they..?". The markets manage themselves to move up or down on any issue. Markets never move in rational manner but surprise the other/counter part- it could be Bull or Bear. Markets seldom follow "Logic" but to understand the move one should have "Logic".
The Nifty is facing immediate resistance at 4526-31 levels, likely to see selling pressure below 4493-91 levels. The Nifty is strong and favours bulls above 4509 and below 4500 bears gain strength. The Nifty stocks are getting diminishing investor support is a cause of concern. The RIL has resistance at 2045-48 level, SBI at 1669-71, RCOM at 548-49 and Tata steel at 716-18. The shorts are safe in RIL below 2035 stop-loss at 2046. Buy Bharti above 848-49 stop-loss at 839.
The Indian Markets are likely to wait for the Fed. outcome for a day or two. The realty stocks have more room to surge up side in future but the short-term looks at correction. The DLF may test 640, UNITECH may touch 259-261 levels. The RPL has resistance at 131.65 and could move to get support at 123-122 level. Incase GMR trades above 796 buy with a stop loss of 783 for decent gains.