This Friday turns happy for Indian market as Nifty close with biggest weekly gain in last 130 week. This was because of some positive development for saving world from Debt. There was also some improvement in health of INR in terms of USD which show that still for FII India is good place for investment. There was improvement in sentiment of investor as the INDVIX fall in to 23.99 % from 32.74. If things may continue as same in coming week market may see new high as one group of countries called Europe have some round of economic meeting. Putting figure cross hope that Nifty may touch the level of 5350 till end of month with few resistance like 5175 ,5225 , 5290 in between path . On condition market make U-turn will have Support at 5050 , 4970 , 4910.
Nifty Level
R1-5115
R2-5175
S1-5050
S2-4970
BUY NIFTY ABOVE 5110 TGT- 5160 & 5215 SL 5068
BUY VENKEY’S ABOVE 440 TGT- 460 & 475 SL- 425
