NIFTY went shy by few ticks to reach 5400 and has closed well within the resistance zone. Hourly chart has gained volatility. A retracement to value is eminent, when is the question. Though struggling hard, NIFTY is managing to close every day with small gains.
As Daily charts are strong, a retracement to value zone is a long entry opportunity.
TELECOMMUNICATIONS Sector was the leader today with both RCOM and IDEA registering good gains, while BHARTI took rest.
Paper industry registered robust gains today with an above 8% gains on the index.
Data updating by the exchange is late today, so we shall follow up our post with full data.
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