US Markets are closed for Labour Day and there was no significant economic news coming in on the wires. Markets across the world including India were buoyant considering positive jobs data during the non farm payrolls and indications that US would avoid any chances of a double dip recession. Further President Obama indicated efforts towards the middle class and supporting the small and medium businesses.
Coming to the Indian markets things are positive and the Nifty closed 5577 for the day. Well in line with my previous targets 5541 has been broken and we are headed for 5600. I would consider the following levels in mind - 5547- 5567 - 5577 - 5595 - 5607
Any rally above these levels would lead to 5628 and 5645.
Stay green till then !
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