Technicaltrendz:Late short covering take nifty closer to 5000 level.Sensex shut shop at 16781, up 61 points and Nifty at 4986, up 16 points from the previous close. CNX Midcap index was up 0.84% and BSE Smallcap index was up 0.60%. The market breadth is negative with advances at 663 against declines of 585 on the NSE. Top Nifty gainers included HDFC, HCL Technologies and BPCL while losers were Hindalco, Nalco and Suzlon
BEAR:we tried to two three attempt to broke 4900 but failed ,so covered short which created in yesterdays trading.Foreign Institutional investors were net buyers in this month of around 10500Cr in equity.
BULL: We will be in 5100 plus market in two weeks time.
Thank you
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