Changes in the support levels?.

There are slight changes in the important heavy weights of Nifty which has first support at 4120 level and the second probably the temporary best at 4030 level.The Nifty shall trade above 4180 level to see futher 5% rise. The Infosys results are likely to change sentiment and the Nifty levels. The market always looks for special events and many a times it surprises many.
The Reliance is at the verge of its support at 2020 level and the RPL is struggling to cross the 174 hurdle. The Infosys is good so long it trades above1730 level, Wipro has good support above 435 and will become weak below 421. The TCS is one of the strong counters above 830 and Satyam above 456. The telecom counters are above their support levels but they are showing weakness due to selling pressure above the ruling current levels. The ONGC is struggling to cross the 892 hurdle but it will become weak only below 840.
The positives of yesterday and day before needs to get buying for SBI, REL Infra, NTPC, DLF, ABB and ICICI Bank. The ever escalating inflation figures, the global markets weakness and the challenges of the political parties are likely to dampen the euphoric strength shown by the Bulls.

Just observe I could be wrong: The S.P. support to Govt. strengthened Mr. Amar Sigh and he is (demanding) meeting the officials of different Ministries to dictate the policies of future, sorry I failed to present it correctly; to provide direction to future policies again sorry but the correct presentation is guidance/assistance to varies policy matters.