Indian markets made sound gains on the notes of clear positive trend today. As I said, banking sector will outperform and it did. While capital goods, metal and realty sectors too made smart gains.
While commenting on Nifty Outlook, tomorrow being the expiry of F&O contract of January month, and high volatility is expected throughout the session. Technically Nifty has breached 5,100 level successfully but faced resistance at 5,150 level. Above 5,150, Nifty could find next resistance at 5,245-50. On the downside 4,950 has become a major support level for the short term.
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