The Nifty closed last week on an optimistic note at 4888. The immediate support is at 4802 and fresh supply will emerge only if this level gets broken. On the upside the Nifty will test the 5025 level which if conquered conclusively will see another bout of short covering rally which may push it upto 5295 - 5325 level. Traders are advised to trade long with strict stop loss around 4800 levels. Investors may continue accumulating in key index stocks at significantly lower bids and tough bargains.
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