Money Tree

The markets rallied on friday on account of good results posted by Infosys and the NIFTY crossed the crucial resistance placed at 3905. Some bullishness is croping up in the markets and they may try to retest the previous highs. Today the asian markets have opened firm with Nikkei 262 points up and Heng Seng 244 points up. Our markets should take positive notes from these global cues and there is no negative news in the circles, we see a positive opening today.
Further the inflation number for the last week came down to near 5 and the efforts of Government and RBI shows that they would be able to bring it below the 5 mark. Therefore there seems to be more chances of markets going up than coming down.