Nifty again managed to close above the crucial level of 5,000 and this is showing some positive outlook for the markets in coming sessions.
For Nifty tomorrow good support exist at 4,950 levels and below this, Nifty can go down to 4,900-4,870 levels. Next trigger for the market will be the outcome of RBI`s monetary policy on 16th September. On the upside, 5055 is the immediate resistance for Nifty and any gains above these levels are likely to face strong resistance at 5090-5140.
For Nifty tomorrow good support exist at 4,950 levels and below this, Nifty can go down to 4,900-4,870 levels. Next trigger for the market will be the outcome of RBI`s monetary policy on 16th September. On the upside, 5055 is the immediate resistance for Nifty and any gains above these levels are likely to face strong resistance at 5090-5140.
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