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.