One of the shortest weeks in the year started with a bang. Markets closed in the green for the 2nd consecutive day. Last day of the month markets surged nearly 1.75%. Nifty crossed the resistance level of 5013 levels and closed above at 5077 up 71 points. Same period in the last year the Global markets meltdown started. Current year the global markets are witnessing sharp rally. US markets surged higher on back of better than expected housing data. FII were net buyers in the last 15 days. Today FII were net buyers for nearly Rs.1074Cr. Liquidity in the markets is driving up the markets.
Nifty will face resistance at 5092-5117-5137 and this trend may continue till maximum 5167 levels.