Bulls forced the bears to cover their short positions ahead of expiry, and finally they succeeded with the help of global cues. Both Nasdaq and Dow ended higher on expectation of early revival of US economy. Crude surged above $62 mark.
Banking, ADAG stocks, metal and oil and gas stocks led the rally. Tomorrow we may see a gap up opening but one should expect choppiness due to expiry. 4319 and 4364 are the resistance on the north, and support at 4256 and 4189.
As long as Nifty stays above 4100 one can expect further uptrend and it may test 4390 and 4465 in the short term.
Banking, ADAG stocks, metal and oil and gas stocks led the rally. Tomorrow we may see a gap up opening but one should expect choppiness due to expiry. 4319 and 4364 are the resistance on the north, and support at 4256 and 4189.
As long as Nifty stays above 4100 one can expect further uptrend and it may test 4390 and 4465 in the short term.
