Nifty Tips
On The back of weakness of rupee against dollar and concern over European debt crisis, Indian Market started the week with more than 2% decline in all major indexes.
Nifty shed 112.65 points to close at 4946.80 and tumbled to two week's low.
Nifty Futures lost 107.50 points and settled at 4945 level by EOD. Now the stiff resistance is seen near 5100 level only above which a good positiveness is expected. Tomorrow if market trades above 4989 then chances are there to cross 5000 barrier.
Below 4932, Nifty may see further downside.
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