After a long sideways trading session markets gained the momentum on last trading session of the week to close with smart gains. The strength shown on the last day of the week confirmed the presence of bulls in the market and as we had mentioned in our earlier records the importance of 5725 level in nifty future and the same was not broken and nifty futures bounced from the levels of 5750 which is another major indication of strength in the markets.
5980 is a minor resistance level in nifty future above which it will try to test the level of 6090 and once the level of 6100 is comfortably crossed and sustained, it will confirm a bottoming formation in nifty and it will again try to touch new highs. So, one can have bullish sentiments in the markets for next week above the levels of 5980.
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