Nifty Tips
The market rolled out exactly as we predicted and Nifty could able to close near 5000 level after making a three figure gain. Nifty futures advanced almost 3% (+2.86%) and settled at 4983 up by 138.70 points. The trend from here is likely to remain positive if prices moves above 5000 mark on consistent basis while trade below 4955 may call far lower levels like 4909.
First and second resistance levels for Nifty are - 5003-5070 respectively whereas stiff support is seen near – 4905.
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