Prop-up support for now...???

The global support is the prop-up support right now available to our markets. The US rally that bounced with vengeance with the S&P touched 1050 level. The Nifty here did the same when it touched the 5350 level but the ferocity is a question/debatable.
The Nifty has to trade above 5495 level but has resistance at 5530 level. The bottom support at 5450 level is well placed to support the Bulls to take a call. As of now there is no threat to Nifty falling steep as the position built over since July 9the above 5350 level is huge and the Bulls will buy even more as the economy is doing well and the favoured the Bull to plunge.
The restructuring of debt and raising more loans $5.4 billion for Corus at cheaper rates can increase the profit margin for Tata steel as the world wide auto sales are increasing and the consumption to increase. The same is being built in the price as the Tata steel stock is looking technically good above 513 levels, likely to touch 592-98 level even the Nifty fall for some time. Now the ferrous metal group will demand/lobby for a price hike again than the recent one. The industry suffered looses to cap some extent by maintaining the price for the sake of high rising inflation.
NSE planning to go for Mobile trading from October and our 3G services though not cheap but will increase the participants to enable. This will open a new era of financial transactions over mobile be it banking, trade or entertainment through games and movies. The markets will push the leaders like Bharti above Rs 365/-level and the RCOM above Rs 200/- level. The fertilizer stocks will see good demand in future apart from the Pharma as the environment is changing.