It was good opening in Indian Stock Markets today. Both benchmark indices traded positive and closed in green with significant gains.
Nifty has immediate hurdle at 5,050 levels. On the lower side, Index has buying support at 4,890. Nifty trend is positive above 4,925 levels. Sustaining the levels below 4,850 will be negative for the markets, in that case will be exposed to deeper supports of 4,760 and 4,700 levels.
For intraday trading tomorrow, we are observing 4925-4900 as the immediate supports. On higher levels, 5015 is the immediate resistance for Nifity and any gains above these levels are likely to face stiff resistance at 5060-5100.
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