Greece on the News

News from Western countries to get some bailout process made US market to gear up. Dow almost surging above 200 points at this time. Almost this rally is happening from a over sold zone making some huge short covering over there at DOW.

Nikkie future is up above 1.5% currently, which all indicates for a gap up opening for our markets. I had suggested for going long in todays opening hour and friends who hold longs may look for 4832 tomorrow. If Nifty sustains above that level for 5 to 10 min then we may have an intraday target of 4884 and I believe this bounce may take the index above 4900 in one or two days.


Nifty Spot level for the day:

4777 - 4791 - 4832 - 4884 - 4908