Nifty converged at 4800 but range is +/- 200 points

Nifty for 16-2-10 trading shows that the nifty has to be in the positive territory for today and then rises to 200 points from 4800 for this settlement. If not in the positive territory nifty falls first to the 200 points downside and rises further to this level. Nifty convergence at 4800 along with the FII data to buy side Particularly in F&O leads to higher than 4800 for this settlement.

nifty swings up now...

Nifty as per today's trading swings up. FII data though shows selling in cash but winding of shorts is seen in F&O. Nifty reached 200 dma but not touched. But now the markets will swings up. Targets T1 4950. If we see more pressure and some more statements from Govt sources the up swing may continue further. In some unexpected situation the up swing may be seen even to the next month with a target of nifty 5665.

But, the important point is whether the Indian markets sustain the rise against to the Global markets.