Headlines over the weekend and Friday's closing of US markets have created a bullish sentiment over the asian markets as they are up more than 1% in the morning. US markets has shown a good rally on friday despite mixed cues and fear over Euro zone. Saturday, the release of $125 billion to Spain from Eurozone help to maintain bullish sentiment, while China's inflation data and manufacturing data were provided some support as well. US markets will see continuation of last week's rally.

Nifty Trading Tips & Outlook Today

Nifty will see a long build up today and continue last week's gain on global sentiments. One might look for going long on Nifty with the target of 5150 ( spot ) in the week ahead. Buy on dips strategy advisable.

Check out our previous recommendations here