Nifty is in upside momentum which has been developed in it due to upside breakout of the resistance of 5000. Today it crossed the level of 5045 and also made good closing. We recommend that traders should go for long in nifty future. The next resistance seems to be around the level of 5150. At that level market could stay for some time, so traders should once book profit here. The key support base seems to be around the level of 4990 to 5000.
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