The Indian markets closed with substantial gains today after trading almost flat in the morning session. Nifty showed good strength from support near 4,900 levels and closed in green above 5,000 levels. Nifty is showing momentum strength and buying interest may be continuing above 5,030 levels. Market may take some clue for RBI policy which is to be announced on Friday therefore, volatility in second half of market is also expected to increase.
For intraday trading tomorrow, trend deciding level is at 5,030, if Nifty shows strength above 5,030 levels, then rally to 5,075-5,100-5,150 may be seen. On the other hand if Nifty does not show strength above 5,030 levels then selling pressure till 4,980-4,945-4,900 may also be seen.
For intraday trading tomorrow, trend deciding level is at 5,030, if Nifty shows strength above 5,030 levels, then rally to 5,075-5,100-5,150 may be seen. On the other hand if Nifty does not show strength above 5,030 levels then selling pressure till 4,980-4,945-4,900 may also be seen.
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