The markets made a strong gain today and managed to close above its important psychological level of Rs. 5000. Realty and metal sectors were the biggest gainers in today's session and banking and auto sectors, too made substantial gains.
At current level Nifty is showing momentum strength and likely to trade positive to flat. On upside, Nifty could find some resistance levels at 5060-5100 zone and profit booking may be seen from this levels. On downside, Nifty has support levels at 4950-4900. High volatility may be seen in markets for tomorrow trading as last trading day of week.
For Intraday trading tomorrow, trend deciding level is at 5,000. If Nifty shows strength above 5,000 levels, then rally to 5,060-5,100-5,150 may be seen. If Nifty does not show strength above 5,000 levels then selling pressure till 4,960-4,900-4,850 may also be seen.
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