Strong global cues can fuel us back above 5400: Udayan

The last couple of days have seen more than a 100 point move on the Nifty, first down and then up. But it was a terrific bounce back yesterday, says CNBC-TV18's managing editor Udayan Mukherjee.

This morning as we move into trade, indications are that the market will probably inch up some more, pending some good global cues which everybody is expecting from Europe.
That should be enough to get the market back above 5,400 after closing below 5,300 just a couple of days ago. So volatile markets but for now but the mood seems to be much better than what it was a couple of days back. Below is an edited transcript of his comments. Watch the accompanying video for more. Q: Overnight things seemed pretty strong for global markets. The LTRO news is pending but otherwise there is no untoward incident?
A: No and today is LTRO day, so everybody is fixated on that number and   we will know the outcome of that shortly after market closes today. It will all depend on whether the next few days for global markets might be another big liquidity party. So everybody has got a number on LTRO and it