Indian Markets after outstanding rally on Tuesday, now looking for extending the bull run. Spot nifty could able to breach the psychological level of 5000 and closed at 5001 after adding 81.40 points to its previous close.
Nifty futures Also manages to close above 5000 mark at 5008 up by 74.85. Nowit is taking its next resistance near 5025 above which it could take some more up move and reach up to 5055-5070 for the day. Suport is lying in the zone of 4975- 4948.
Day Traders can go for Buy In Nifty above 5009 for the target of 5025-5055-5070 Stoploss below 4980.
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