Sensex ends above 15000 and Oil dips to & 105.5/bbl nearly 8.5% as against previous close. European markets also bounced back after the week opening in the morning. Sensex closed with the gain of 551.35 or 3.38% and Nifty shot up by 155.35 points or 3.57% to settle at 4502 above the major resistance level of 4440. In the F&O segment Nifty futures have seen a fresh built up of 53 lakh shares in OI. It ended with a premium of around 13 points.
In my last blog on this site i have mentioned that the Nifty is finding good support at 4250-4200 levels and the same can go up to 4450. In the chart we can see that Nifty has made a break out pattern(circled). Yesterday's close was exactly at the trendline. Nifty took good support at the trendline and bounced back from the same. Nifty has a potential to bounce back till 4650 levels.
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