NIFTY : NIFTY again opened up with some gap and after first
hours sideways move it quickly crossed 4924 which was a level we have been
mentioning since last week and above 4924 there was no look back as slowly many
active stocks started to participate.
A strong close above the BEARISH GAP AT 4924 NIFTY has shown
strength as suggested in our weekly technical view we will have to watch 5034
now as an important target and a strong close above 5034 especially by Friday
can take NIFTY back to 5156 atleast.
NIFTY must sustain above Friday open level of 4884 and above
4924 on closing basis to sustain bullish ness.
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