After the small bearish trend of yesterday market was bullish today. Today it has again change its side and set itself in bullish position. Short covering in European markets post deep cut yesterday too improved sentiments. The 30-share BSE Sensex recovered from yesterday's loss - rose 149.48 points to close at 16,862.81 and the 50-share NSE Nifty jumped 47.10 points to end at 5,064.30. Market may hold the same position in next trading session also!! 

Technical Levels in Nifty-50 for Monday:

Resistance  :  R1  :  5150,  R2  :  5220.
Support        :  S1  :  4970,  S2  :  4900.

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