The market on Monday opened up with a gap of 35 points but failed to gain further, as the Index giant Reliance and
ICICI Bank failed to perform further. The activity remained subdued below the level of 5335, which was our minimal
requirement to see the continuation of the bull-run.
For the day, we will again watch the same level for further momentum. Today, in case the market sustains above the
level of 5335/17780 in the second half of the trading session, then we may expect the market to reach 5400/18050 levels
sooner. But in case, if it fails to do so and remains below the level of 5300/17690, then it may fall to the level of
5270/17600 minimum.
