Gap up strong opening and Nifty is hovering around 5000 but on the back of strong global cues as well as higher levels selling in two previous sessions therefore finally sustaining above 5000 today will be next upmoves confirmations.
Firstly watch sustaining above 5000 because it will be confirmation of crossing previous resistance(4950-4980) and testing possibility of next resistance(5070-5098).
Firstly watch sustaining above 5000 because it will be confirmation of crossing previous resistance(4950-4980) and testing possibility of next resistance(5070-5098).