Following lines were told at 02:07:00 AM today.
Sentiment may remain strong today morning because US markets closed with good gains therefore strong opening is possible in Indian markets. Next resistance between 4900-4929 and sustaining above 4929 will be next upmove confirmation.
Nifty Today 1st hour trading range is between 4905.15-4928.30
Gap up opening and first hour trading within mentioned range is result of blasting Global markets. As Indian markets may be affected from political news due to news developments in 2G case therefore cautious approach is required.
Sustaining beyond 4900-4929 will be next decisive move confirmation therefore should be watched first.