==>> Nifty to touch 4200 levels.

Now bears have taken a good grip on the markets. As mentioned on this blog that the Nifty close below 4440 will slide till 4200 levels in no time. Today we saw Nifty touching a new low of 4225.5 in recent time. Sensex also dropped till 14163. Both Nifty and Sensex tried to hit my target of 4200 & 14000 respectively.

Fuel prices in India are all set to rise again and the same will be passed on the the end users. But the move will again help the Oil companies to pull them out a bit, from under the burden of flaring crude prices.

Nifty has a good support at 4225 levels. Expect a flat opening today.

SGX Nifty futures dn 7 point at 4281.
Dow futures up 6 points.
US Markets :

Dow -0.33 (-0.00%)
Nasdaq -20.35 (-0.85%)

European Markets :
FTSE +46.4 (+0.83%)
CAC +2.1 (+0.05%)
DAX +11.02 (+0.17%)

Asian Markets:
Nikkei -64 (-0.46%)
HangSeng -167.41 (-0.72%)
Shanghai +7.13 (+0.26%)
Straits -11.01 (-0.38%)