It was tremendous week, though truncated, week for Indian stock markets which saw the Nifty move up beyond the 5000 mark. Both benchmark indices Nifty and Sensex were up 6.3% and 6.3% respectively. Market sentiments have turned positive and seem bullish for coming trading sessions.
While commenting on Nifty Outlook for Monday it has strong resistance at 5,095-5,140. Any fresh buying position should be initiated above 5060 levels for targeting 5100-5150. On the downside Nifty may find support around 4990-4950 levels.
While commenting on Nifty Outlook for Monday it has strong resistance at 5,095-5,140. Any fresh buying position should be initiated above 5060 levels for targeting 5100-5150. On the downside Nifty may find support around 4990-4950 levels.
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