Nifty opened strong on the back of the positive sentiment in the American markets and yesterdays close above 5000 levels. In the early session Nifty rallied till 5066 before plunging down till 4943 on the rumours that the Left party will not show green signal for the Nuclear deal and will take back the support given to the congress party. Nifty closed above the Red trendline as mentioned in my last blog also. Close below this major trendline will give a sign of cautious.
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