recovery to continue..

Yesterday trades shows that markets opened at lowest level and recovered from there without looking back.  After our FM's statement markets closed in positive territory.  Global cues are + ve. FII data is also + ve in F&O but huge selling in cash.  Presently we may expect the markets will go up to the retracement level 4300 nifty.  we have to wait and see what happens in the US markets. One can stay in longs for some time. International gold trades shows the severe panic in the stock markets.