Indian Markets continued their winning streak. Markets men jumped in the markets as if there is no trading day tommorrow. Nifty crossed its resistance levels of 4850 and closed above the psychological 4900 mark. Sensex gained 350 in the late hours and Nifty closed above gaining around100 points. Banking stocks were the star performer today. Heavyweights like RIL, ITC also gained nearly 3.5%. Bankex was up almost 5%. Global markets too added to the shine. Gold continued to make new highs...
Nifty will find resistance at 4950 levels. The bounce back have been too fast to digest. today Nifty closed at the 50 DMA.
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