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Indian markets wednesday outlook by --------

 4970  as mentioning from so many days.See today how we respected 4970 level.

After taking out 4970 firmly we are ready for fresh rally on bourses except some over bought readings other than that we are ok.Now nifty needs to hold 4970 firmly.

The first target comes above 4970 is 5168 and new highs above 5168.
For tomorrow watch out 5070 on upside and 4995/4970 on downside.
Bank nifty showing good strength and it's well predicted in my weekly outlook . Now tough resistance comes at 8980-9040 are if we managed to close above this level we will aim fresh highs on bank nifty and soon we will cross 10,000 mark on bank nifty.

Immediate support comes at 8650 for bank nifty.

Cheers & Best to your trading.

Disclosure: No holdings in indianmarkets