On Friday Nifty staged a strong bounce-back from its intraday low, giving a close above the psychologically important 5050. However, to gain more strength, it needs to close above 5080.
On lower side, 4920 was held as good support in the short term. Going forward too, till this level is held
we may see good amount of buying.
The index also closed above 5050 giving further conviction for the up-move - Cheers to the bulls.
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