Nifty is at 5119. In the month of June markets took upward journey with nifty future discount of 20 points. Due to this markets were corrected downward and took support at nifty 4935. Now the discount was reduced and all the world markets were weathered for UK problems and took double bottom support in the charts. As seen from FII data and weekly charts markets took up turn. This will be confirmed by nifty breaking 5185 immediately. Then the target for nifty will be 5500 medium term and 5250 short term.
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