Tday market had A flat nd lackluster opening nd surged in the afternun session nd d last hour of trading also saw a gud rally nd Nifty was able to close above d last week high level of 4626 which is very significant now....... If Nifty is able to trade above it we may ..see a positive closing at d end of dis month nd it may reach 4750 --- 4900 band....... Tday interest rate sensitive sector stole d show...... Banking, realty surged ahead on account of short covering....... The only worry is d volumes were low but they will rise if the momentum continues........
Positive opening of European market nd a fall in crude oil price also boosted d sentiments....... Oil nd Gas sector also supported d market. .....
dis relief rally may end at higher on account of short covering......Crude oil price is to be watched carefully........ If they cool down then only uptrend will resume.......
REGARDS
NJ : )