In the last 3 days Nifty has taken a good support at the RED trendline. Nifty in the early trading hours slipped till 4932 but bounced back smartly and closed above 5000.Tata steel target was acheived. Arcelor Mittal has given 20% guidence for the next year. Corus will be announcing its results. Good results expected. IT Sector did pretty good, Dollar showed great strength aginst rupee.
Nifty will find resistance at 5050 levels. and support is at 4900.
These are some of the calls
1) 10:19:14 AM vishal_retail: RPL Looks good at 179.75 SL 178
2) 1:52:36 PM vishal_retail: Adlabs looks good 675-685 tgt sl 640
3) 3:25:45 PM vishal_retail: LITL close above 505 is a breakout
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