Markets reacted positively on the back of UPA govt winning the trust vote. Sensex opened with the gap of 400+ and closed above at 14942 after making a high of 14979. Nifty closed above 250+ points at 4476 after making a high of 4491. Few days back i have mentioned that the Nifty is trying to break the patter of lower top and lower bottom formation. Nifty close is above the major resistance level of 4448.
All the PSU co. closed with a gain of around 5-10%. Crude prices have calm down at 126$ per barrel. Nifty will face some resistance at 4510 levels. Breakout and close above that will take Nifty to 4650-4800 levels.
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