The up move …..

The markets missed the yesterday rally in the global markets due to holiday but it is likely that it will adjust by rise by 2-3%.
The majority participants are skeptical about the future prospects due to the sinking economies across the globe and the fearing to bet about the underling growth prospects. At this critical juncture India may not draw much share from the FII investment, to add the terrorist attacks spoiled the early recovery from the lows.
The solid band of 2810-2503-2784 from 14th Nov-08 till date, the markets went no where on points basis but has crated much hope and despair in the minds of Bulls and Bears, the investors are still not conclusive to make a final call. The only positive sign that can be drawn from the above 16 trading sessions is that the markets are in recovery path provided they cross the 2935 resistance.
The markets may open positive and may continue to rise in case the heavy weights float above their support levels as mentioned yesterday. The Nifty has immediate support above 2760 level and can continue to hold the buying till it trades below 2720-2716 level. In case of slide the RIL shall not trade below 1076-73 level and the SBI shall not trade below 1111-06 level. In case of violation of above said conditions then the markets are likely to see selling pressure and Bulls unwinding. The support to reality and infra may hold for some more time.

At 9.40 pm last night I prepared but the posting was not PUBLISHED, still I surprise how it has happened but for record sake I publish now.