After a rich start, market could not bear the early gains and erased off all the morning gains on the back of overseas cues. Spot Nifty ended at 4940.95 down by 5.85 points. Today Nifty could able to regain the psychological level of 5000 level and touched an intraday high of 5028.
Nifty Futures deducted 1.45 points from its previous close and closed at 4941. From here we can expect some positiveness in the market if Nifty gains a consistency in trading above 5000 level. Above the same if it able to breach 5040 level, it would call for more upside levels like 5080-5120.
On the downside major resistance can be seen near 4909 level. Below which Nifty could slip below 4900 mark.
Nifty Futures deducted 1.45 points from its previous close and closed at 4941. From here we can expect some positiveness in the market if Nifty gains a consistency in trading above 5000 level. Above the same if it able to breach 5040 level, it would call for more upside levels like 5080-5120.
On the downside major resistance can be seen near 4909 level. Below which Nifty could slip below 4900 mark.
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