THE COMBINED EFFORTS…..

The markets recovered very sharply with the combined efforts of the leading governments to end the crisis.
The markets in India recovered very sharply with the FM statement and the positive news flow from the US efforts to bail out the current crisis.
The positive news flow is around the corner to lift the sagging spirits of the investors. Now the issues are a global phenomena and every body is curious with tight nerves.
The Asian markets are jumping in joy and relief from the nightmares. The Hang Seng, one of the worst performers is up by 1,110 points (6.3% up), the Nikkei is up by 378 points (3.3% up). The SGX Nifty is at 4270 level, nearly up above 220 points.

The ADR’s are well above 7% to 15%. The Indian ADRs gained more value as HDFC bank more than 11%, ICIC Bank 11%, MTNL above 15% and the tech pack Satyam and Infy around 2% but Wipro up by 7%.
The Nifty will be in the pull back support and may gain strength so long it trades above 4080 level and will gain momentum to up ward journey if it could trade above 4365 level.

Never Forget: I may be wrong, You may be wrong but markets always RIGHT.