Market surged more than 1.50 % today on the back of short coverings and a good buying interest in IT and auto shares. Spot nifty ended up the day with a gain of 69.55 points and Nifty Futures settled down the expiry at 5016.40 advancing 79.15 points. Tomorrow the market trend is looking positive as per the technicals and Nifty likely to continue the positive run. If it manages to trade above 5040, a bullish run towards 5100 could be seen. Major downward trend is still seems below 4905 mark.
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