Watch Nifty
Ø Nifty has reacted more than 150 points from the high. Perhaps the short-term reaction is over and Nifty may attempt going up before reacting yet again. Similarly, Bank Nifty could attempt to move up. Nifty's resistance on the way up is likely around 6200, 6220 amd 6280.
Ø International Indices :
o Dow Jones and Nasdaq have been moving up steadily. Dow has resistance around 11258 and Nasdaq around 2410. Only on a conclusive close above these levels would we see long term strength in these indices.
Ø Currency : Rs Vs $
o Rupee has strong support around 44 and then 43/20. Rupee is not expected to strengthen beyond 43/20.
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