#Nifty pushed by the DIIs - Resistance ahead at 10480.

Nifty saw highs yesterday as expected and also other factors like PUT writing especially at the 10400 level saw an addition of over a million shares meanwhile the CALL writing is pretty much scattered at the moment which also says that more of this up move is expected but as we are record highs one should stay nimble footed and bring the art of profit booking in the action to make the most of this positive rally.
Right now the momentum seems to be on the upside but beware because the FIIs are not taking part in this rally and its just the mutual funds buying just because they got the capital. A reason to worry for the investors that is.
Resistance ahead is 10480.

Comment:

Nifty tested the mentioned 10480 resistance today. Looking forward to the global markets now.