Global markets found comfort in Portugal's ability to sell 10-year bonds at reduced borrowing costs with a decent rally. Wall Street closed with near to one percent gains on Wednesday. Asian markets are currently trading with decent gains on Thursday
Markets - Extending the pull back
Nifty is likely to extend the pull back rally with another round of short covering. This pull back rally to convert into a massive rally requires regulatory action.
For traders it is time to ride the rally while investors are advised to wait till Nifty crosses 6000 levels. Infosys numbers before market opens might impact the trade today.