MARKET MANAGED TO CLOSE ABV 5000 MARK ,THE LAST HOUR RECOVERY GAVE THE THUMPING POWER TO BULL.TODAY BULLS R IN GOOD MOOD TO MAKE ALL THE GUNS BLAZING PREVENT BEARS TO DRAGG NIFTY MUCH BLW TO 5000 LEVEL.IF UP MOVEMENT MAINTAINS 5070 MARK WITH SUBSTANTIAL VOLUME & IF IT BRECHES THE TRENDLINE 5090 THEN WE MAY SEE SOME SHORT COVERING. ON THE CONTRARY,IT BEARS ATTACK WITH FULL FORCE & DRAGG IT DOWN TO 5000 MARK THEN THEY WILL TAKE IT BACK TO 4940-SUB LEVEL.
BRIEFLY,MARKET IS AT 5050 NIFTY(50/50 JUNCTION). SOMEGOOD NEWS ALONG WITH BANK STOCKS & NIFTY HEAVYWEIGHT RELIANCE WILL DECIDE ITS NEXT MOVEMENT.
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