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Traders may hold long positions with strict stop-losses

P.K. Agarwal, president - research, Bonanza Portfolio, said funds pumped-in by central bankers, globally resulted in a sharp pull back rally in world markets. Supported by global cues, Indian markets opened strong. Nifty gained more strength as the day progressed. It touched a high of 4,262 and closed near the high at 4,245. Banking, IT, Capital Goods sectors, Satyam Computers, ICICI Bank, HDFC, Tata Power led the Bull charge. However, weakness was seen in Hero Honda, BPCL and SBI. Resistance

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