OVERCOMING RESISTANCE..

Nifty did face resistance at NS 3021 but overcame in late afternoon trade with strong momentum and closed beautifully over it. As long as market stays over NS 3021 , it will be bullish with bearish breakout below 2953. For today, gap up opening expected with resistance at NF 3106-3131. Watch NS 3148 as strong resistance. Strongly bullish over NF 3077 with support at NF 3027- 2985. Market going into overbought state and expect profit booking by late afternoon or tomorrow.