No violation either……

As posted, the markets opened above 4526 in the opening and the resistance on the high could not be crossed but at the end got support at 4486 level.

The RIL could touch 2008+ but failed to hold above 1993-91 level. The mid cap gainers are more than the frontline stocks to move the index. The tata steel made an excellent move above 693 to touch 711+. The smaller banks are favoured than the top tier. The ONGC, Bharti and RCOM non-cooperation put pressure on the index to hold on the opening levels. The SBI’s south journey coupled with ONGC, RCOM, Bharti and the darling draggers of the Nifty (techs) spoiled the bulls enthusiasm.