Nifty opens gap up with the help of strong asian markets, and better than expected US markets on Friday.Nifty spot is trading at 4905.Again we are back to the resistence area of 4920-4930 band.This week could be very volatile week as there are many events like railway budget,union budget and February series expiry.On upper side a close above 4930 would be bullish with resistence at 4950.Sustaining above 4950 then 5050 is possible.On lower side watch out for 4857,below which we closed on friday.Any close or nifty trading below 4857 is negative.
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