NIFTY's Range narrowing

Now NIFTY moving in 5080-5160 levels any strong move will take it to either sides.NIFTY moved in this narrow range seven trading day.

Weak global cues keep our market to move up,Sensex closed at 17125, down 102 points and Nifty at 5112, down 35 points from the previous close. CNX Midcap index was down 0.67% and BSE Smallcap index was up 0.36%. Top Nifty gainers included Idea, Maruti and Reliance Power while losers were Tata Steel, Sterlite and Hindalco.

Morning started with rupee weakening to 46.92 and SGX NIFTY at 50 points down,at noon trade market tried to move up but failed ,PUT Writer were active in 5200 PUT which increased open interest of 6lakhs in today's trading.