Positive Global cues….

The markets in US were very positive and posted decent gains. The Asian markets are in green and they can boost the positive sentiment in our markets. The crude fall gave a face lift at least for this week.

The tech Indians ADRs shined, Infy by 5.8%, Satyam by 6%, Wipro by 4%, the banking majors ICICI by 8.5% and the HDFC Bank rose by 6.5%.

The markets likely to post decent early gains in the morning and the challenge remains at this point is whether we could continue to cross the resistance at 3971-73 level and shall close above 3943. The severely beaten down banking and reality sectors will see some recovery.

Those who believe that the N-deal will go through with a positive trust vote can start buying the Nuclear equipment & parts supplying companies and the construction companies those are capable of executing these critical works.