The market opened a bit weak @ 5260 - but steadily gained thru the day and closed @ 5323 up 45 points
and the Sensex closed @ 17734 up 183 points.
During midday the market was above 5330 - but due to profit booking or fresh short sales the market reacted back to 5300 before closing above the psychological level 5320.
The market has now closed a tad above the first resistance 5320.
Tomorrow if the market trades above 5350 for a short while then - its likely that the market go up to around 5400 - mostly on short covering.
Any sharp rally tomorrow would be a good time to unwind any long position.
and the Sensex closed @ 17734 up 183 points.
During midday the market was above 5330 - but due to profit booking or fresh short sales the market reacted back to 5300 before closing above the psychological level 5320.
The market has now closed a tad above the first resistance 5320.
Tomorrow if the market trades above 5350 for a short while then - its likely that the market go up to around 5400 - mostly on short covering.
Any sharp rally tomorrow would be a good time to unwind any long position.
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