Nifty futures tips january 4 2012

Nifty futures tips january 4 2012 : The market continues to trade strong amid buying across sectors. Both equity benchmarks shot up over 2% in the later afternoon trade. The relief rally has been supported majorly by banks, capital goods, metals and technology stocks. The Sensex was up 350 points at 15,867.85 and the Nifty gained 106 points at 4,742.60.

Nifty futures could see higher levels up to 4725 to 4750 and this range will act as resistance but as indicated, upward move could get further strengthen only levels above 4780,
Markets have extended their gains with the Sensex and the Nifty crossing 15,900 mark and 4,750 levels, respectively. Firm global markets and broadbased buying amongst index heavyweights like Infosys, RIL are leading the firm rally.

By 1430, the Sensex was up 351 points at 15,869 and the Nifty surged 105 points to 4,742.

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