Nifty is now 5103.95. Market is running towards the buyers. Technically the market is weak and we may see lower levels of 5040-5015 levels in the days to come, the market unfolded weak as expected and saw the low at 4988 to recover and close positive for the day at 5114. Technically the up move still looks reactive in nature and the upside to 5180-5200 is not ruled out.
Today it opened with a huge buying presure and got the intraday high of 5217 but after that it fall back. The crucial support for the Nifty is at 5000 and the resistance is at 5200-5240