2. International markets have been in uptrend due to 3 reasons namely:
(a) Bank of America being in profit for past 2 months.
(b) General Motors has stated that it do not require any stimulus package.
(c) Citibank has also stated the same that it does not require any govt support for the time being.
3. Thus keeping all these factors in mind one should avoid going long till the time Nifty breaks past 3150 level. Nifty has a short term target of 2780 with stop loss of 2660.
4. Ideal time for investment in Nifty stocks is when it again falls to the level of 2200.