The rally would be extended today, obviously! And also that it is expected to close above our weekly outer limit of 3255(10700). A close above here means that the upper target of 3700(12000) plus comes into play for days ahead and any reversal from above 10700 would not be very deep in the short term. But longer term is still bearish and medium term turns positive only on a close above 3735(12500) levels. So, long term picks are not advised in this rise. It is still a traders' market.

RELIANCE: A close above 1480 could take it to 1650 and 1800 in days ahead.
SBIN: A close above 1380 would be positive and the target of 1500 would come into play.
INFOSYSTCH: It is a buy on decline with stop at 1100; or fresh longs could be initiated above a close of 1420 for the targets of 1500-1600.

NIFTY FUTURES:
Add long straddles in November or December series by buying Call options and Put options of the same strike. A wide range is expected in this bear trend. Keep squaring off the calls at break even points and hold put options in wait of a decline.

GLOBAL SIGNALS:
The DOW has resistance in the area 10000. A reversal from/below this area is expected. FTSE100 has resistance in the area 5000-5100 and a reversal from this area is expected.