A VERY CAUTIOUS UNDER-CURRENT

At the highs, markets are showing some weakness, but the level to watch will be 4966-4978..unltill nifty futures hold these levels every dip will be bought.it has truely become very difficult to predict medium term future at this juncture..bullishness may continue if some biggies surprise markets with better than expected sept-q results..strong support lies in the zome 4750-4850 also which will decide med term future,for short term 4966-4978 is crucial.