12/03/2012
The markets opened with an upside gap, traded firmly throughout the day and ended in green. Buying was seen in Metal and Banking counters while Technology counter witnessed selling pressure.The markets ended in green on account of huge buying seen in the heavy weight stocks like LT, SBIN Tata Steel etc. The 20 DMA at 5,432 will act as an immediate resistance and we need a very strong trigger to surpass this level. Stability above 5,430 will further extend rally up to 5,550 levels. The 5 DMA at 5,319 will act as an immediate support for Nifty.