Nifty opened today with a gap of 30 points just shy of 5000 mark @ 4992.It just managed to briefly cross the 5000 mark, making an intraday high of 5011.Nifty Futures tried second time to break above the 5000 level but sold off during the end of the session and closing @ 4962.Despite a sell off in Reliance (-5%), Nifty managed to hold itself is positive. It will be interesting today to watch the option data.
Nifty futures has touched the 5000 mark which is a minor resistance for the moment.It has managed to make new high every day ,which is positive.As long as it manage to hold above 4850 its positive for the market. And only a close below 4780 will spoil the picture.
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