Nifty staged nice performance on the first day of last week of the year 2011, shooting up over 60 points amid low volumes. Telecom, technology, banks, FMCG and capital goods were major sectors that led the rally. Positive macro data and congress move from the US too lifted the confidence of Indian equities today. Today nifty closed at 4,779.00 with a up trend of 65 points, or up by 1.38%. It has touch the intraday high at the 4,786 in last session of today's session.

Nifty is looking strong at tomorrow's session. It is looking bullish in next trading session if it touch the Resistance level of 4860, else below Support level of 4690 it would be in an down trend.

Buy Reliance Industries above 763, Target: 770-778, Stoploss: 752.

Buy Bharti Airtel above 345, Target: 349-353, Stoploss: 339.

Buy Coal India above 306, Target: 309.60-313, Stoploss: 301.