As mentioned yesterday nifty able to cross 4550 in futures in end.
So this gives clear edge to bulls for 60-80 points up move specially with speculative rise in reliance stock.
Now we are looking at around 4595 nifty at weekend .But be cautious at this point as longs needs to hedged with puts .Smart hand will always short when people are not expecting it.
Sudden drop of 150 points nifty with some negative trigger not ruled out.
