Global markets closed positive and so is our market following the path righteously. Having a small bullish divergence on the hourly charts this up move was anticipated, but where is it headed for? 5010 is itself a congestion zone and a good resistance, we can see NIFTY resting here, are the bulls having the required energy to push up? With both bulls and bears tired of regular clashes, non have the energy required at present, but one is going to overpower the power the other at some point.
Let's watch the fun on the sidelines, once we witness either of them gaining strength we will jump in and hold Mr. Market tight and go around with it in a joyous way.
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