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Nifty closed above 5000 levels

Technicaltrendz:BULL'S are rocking in the street,Sensex shut shop at 16886, up 145 points and Nifty at 5020, up 44 points from the previous close. CNX Midcap index was up 0.63% and BSE Smallcap index was up 1.05%. The market breadth was positive with advances at 725 against declines of 532 on the NSE.

BULL:We conquered 5000,level after 5050 will be 5200,new about bharti-MTN deal is a disappointment.last minute drop in reliance is also a concern

BEAR:Nothing coming in our way in this last two trading section,PUT-CALL ratio is climbing,RSI is above 70 levels.Still market is in no mode for a correction,but we are used to this condition in market ,we will try our luck in big boys of indian market RELIANCE,BHARTIARTL,ICICIBANK