NIFTY SPOT INDEX: (click on the chart for larger view)The NSE Nifty spot closed at 5050 up by 2.29% on weekend. Nifty spotstood above 21 and 34 day EMA but didn't cross 100 and 200 day EMA whichdoesn't show buying opportunity. Short term long position takers should becautious for next week, because of having some negative diversion in stochasticon daily basis. There are various resistances like 5089/5129/5163 with supportslike 5005/4981/4939.--...
