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HOLD LONG TILL 5020 Levels

After a holiday ,market may open down with global clues of today like S&P warning for European union countries and EFSF .Long position can be hold because US market came back strongly after late sell of yesterday.S&P 500 near a curial resistance of 1262- 1268 resistance band if it breaks all market can see it implication.
Level to watch will be 5020 in closing basis for BULLS to hold on their longs.No Major data point is expected from US,but Europe will give away their daily doses.A cruial trade time  will be Futures of DAX open for trading  near to our 12:30 p.m IST.

(NIFTY)HOLD Long till 5020 break in closing basis.
New Positions near 5050 
(S&P 500 Dec Contract) Long from Dec 25  target of  1278 before expiry on Dec 16.