In this week it was a bull day for nifty. The BSE Sensex and NSE Nifty surged nearly 2% in late trade following rebound in European markets and the Indian rupee. Banking & financials, oil & gas, telecom and metals stocks led the rally. Market recovered a lot today, Sensex covered 275 points and closed at 16,222.30 and Nifty sets up to the market with 85.70 points. ONGC, Bharti Airtel, Ranbaxy Labs, HDFC help market to cover as well as Nifty.

Nifty is looking consolidate to positive for tomorrow. It has a strong resistance of 5090 and above that it could check 5150 level tomorrow, In down side it may test 4820.

Buy Oil India above 455 with a target of 460-463 and a stoploss of 450.

Buy BHEL above 210 with a target of 214 and stoploss must be 206.

Sell Tech Mahindra below 662 for the target of 648, Stoploss must be 675.

Sell Maruti Suzuki below 1134 for the target of 1120-1110, Stoploss must be 1150.