mkt outlook...

nifty uptrend is still strong and has immediate support in 4050-4100 area. some fiis are booking profits.

below which 3700-3750 looks like a strong support on charts with resis near 4300.

while s&p500(us) and dow jones are sideways but look a bit weaker than nifty and sensex, and they may undergo slight profit booking and might come down towards 8000/850 lvls respectively.

some disconnect i found also in gold($) and domestic mcx gold(Rs.) while international prices look bullish for short term, domestic prices are going sideways with a weakish bias. may be a matter of time before they fall in line.

crude still looks good for maintaining the upmove.