Markets wiped off all of its yesterdays lost glory. After opening in red, markets bounced back after post lunch session. Nifty after making a low of 5170 closed up in green by 25 points at 5235.75. Nifty in the past faced resistance at 5150 levels. In the month of Oct 2009, Nifty faced resistance at 5150 levels and crashed down to make a low of 4538 level. This time the Nifty have taken a good support at the same and bounced back sharply. Close below the same will take the Nifty to 5106-5087 levels. On the higher side Nifty will continue to face resistance at 5235.
RIL Ind counter will once again see a major block deal in the near future. Price may surely some correction after that.